33Prohibited shareholding interest

#### 33 Prohibited shareholding interest 33 Prohibited shareholding interest > > (1) A person has a prohibited shareholding interest in a licensee if the person is entitled to voting shares in the licensee that together constitute more than 10% of the total number of voting shares in the licensee. > > > (2) For the purposes of this Division, a licensee or a subsidiary of a licensee cannot have a prohibited shareholding interest in the licensee. > > > (3) A person must not have a prohibited shareholding interest in a licensee. A person who contravenes this subsection is guilty of an offence. > > > > Maximum penalty—100 penalty units. > > **s 33:** Am 1997 No 151, Sch 2 \[15\]; 2002 No 84, Sch 1.1.