CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 711 Person who ceases to be a substantial shareholder to notify company

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 711

711. (1) A person who ceases at a particular time (in this section called
the "relevant time") to be a substantial shareholder in a company that is a
corporation shall give a notice to the company in accordance with this
section.

(2) A corporation that ceases at a particular time (in this section also
called the "relevant time") to be a substantial shareholder in a company that
is not a corporation shall give a notice to the company in accordance with
this section.

(3) A notice by a person under subsection (1) or (2) shall:

   (a)  be in such form (if any) as is prescribed;

   (b)  set out the person's name;

   (c)  set out, in relation to each notifiable change in the entitlement of
        the person to shares in the company (not being a prescribed change)
        that occurred during the period beginning at the time when the person
        last became required to give a substantial shareholding notice to the
        company and ending at the relevant time:

        (i)    whether the change was a change in a relevant interest or
               relevant interests of an associate of the person and, if so,
               the name of the associate;

        (ii)   the date of the change and the prescribed particulars of the
               change; and

        (iii)  the prescribed particulars of any agreement, or any other
               circumstances, because of which the change occurred;

   (d)  set out the date on which the person ceased to be a substantial
        shareholder in the company and the prescribed particulars of any
        agreement, or any other circumstances, because of which the person
        ceased to be a substantial shareholder in the company; and

   (e)  be accompanied by the prescribed documents.

(4) A person required to give a notice under subsection (1) or (2) shall give
the notice before the end of 2 business days after the day on which the person
becomes aware that the person or an associate has ceased to have a relevant
interest or relevant interests in a share or shares in the company to the
extent necessary to make the person a substantial shareholder in the company.