38Prohibited shareholding interest

#### 38 Prohibited shareholding interest 38 Prohibited shareholding interest > > (1) A person has a prohibited shareholding interest in TAB Limited if the person is entitled to voting shares in TAB Limited that together constitute more than 10% of the total number of voting shares in TAB Limited. > > > (2) For the purposes of this Division, TAB Limited or a TAB Limited subsidiary cannot have a prohibited shareholding interest in TAB Limited. > > > (3) A person must not have a prohibited shareholding interest in TAB Limited. A person who contravenes this subsection is guilty of an offence. > > > > Maximum penalty—100 penalty units. > > **s 38:** Am 1997 No 151, Sch 1 \[11\]; 2002 No 84, Sch 1.2 \[2\].