Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person may apply to the Treasurer for approval to hold a stake in a particular financial sector company of more than 15%.
(2) The application must:
(a) specify the percentage of the stake (if any) the person currently holds in the financial sector company; and
(b) specify the percentage of the stake the person is seeking approval to hold in the company; and
(c) set out the person's reasons for making the application; and
(d) be accompanied by the prescribed fee.
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