QLDIn ForceAct
Transport Infrastructure Act 1994
sec.438CProhibited shareholding interest
Start here
Get a plain-English read of sec.438C
Turn the raw legal text into a practical explanation grounded in Transport Infrastructure Act 1994.
### sec.438C Prohibited shareholding interest
A person has a prohibited shareholding interest if the person has a voting power of more than 15% in QR National.
A person must not have a prohibited shareholding interest.
For this part, QR National and subsidiaries of QR National are taken not to have a prohibited shareholding interest.
QR National must take all reasonable steps to ensure that no person obtains or maintains a prohibited shareholding interest.
s 438C ins 2010 No. 19 s 74
(sec.438C-ssec.1) A person has a prohibited shareholding interest if the person has a voting power of more than 15% in QR National.
(sec.438C-ssec.2) A person must not have a prohibited shareholding interest.
(sec.438C-ssec.3) For this part, QR National and subsidiaries of QR National are taken not to have a prohibited shareholding interest.
(sec.438C-ssec.4) QR National must take all reasonable steps to ensure that no person obtains or maintains a prohibited shareholding interest.