Commonwealth Numbered Regulations

1991 No. 225 BANKS (SHAREHOLDINGS) REGULATIONS (AMENDMENT) - REG 2

  2.1   After subregulation 6 (2), insert:


"(2A) For the purposes of paragraph 8 (9) (d) of the Act:

   (a)  persons who are underwriters in relation to the issue of shares by the
        Commonwealth Bank under its first registered prospectus constitute a
        prescribed class of persons; and

   (b)  any interest:

   (i)  that a person referred to in paragraph (a) has in voting shares of the
        Commonwealth Bank in the course of, or arising out of, underwriting
        that issue; and

   (ii) that, but for this subregulation, would have the effect that the
        person would have an interest in voting shares of the Commonwealth
        Bank in contravention of subsection 10A (3) of the Act; is a
        prescribed interest.".