Commonwealth Consolidated Acts

FINANCIAL SECTOR (SHAREHOLDINGS) ACT 1998 - SECT 10

                   For the purposes of this Act, an unacceptable shareholding situation exists in relation to a particular financial sector company and in relation to a particular person if the person holds a stake in the company of more than:

                     (a)  15%; or

                     (b)  if an approval of a higher percentage is in force under Division 3 in relation to the company and in relation to the person--that higher percentage.

Note:          A person's stake includes the interests of the person's associates--see Schedule 1.