Totalisator Licensing and Regulation Act 2000
115Prohibited holder not to exercise etc. voting rights
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115 Prohibited holder not to exercise etc. voting rights (1) A prohibited holder must not exercise or influence or control or take action to exercise or influence or control the exercise of any of the voting rights that give rise to the prohibited holder's prohibited shareholding interest unless the Minister gives his or her approval to the prohibited holder to do so. (2) The Minister's approval may be subject to conditions.
Totalisator Licensing and Regulation Act 2000 57 (3) If the Minister gives his or her approval subject to conditions, the prohibited holder must comply with the conditions. (4) A prohibited holder must comply with this section until the disposal or forfeiture pursuant to section 116 of voting shares the subject of the prohibited holder's prohibited shareholding interest. Maximum penalty: 1 000 penalty units or imprisonment for