Commonwealth Consolidated Acts

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POOLED DEVELOPMENT FUNDS ACT 1992 - SECT 27

Amount invested in investee company to be at least 10% of its paid - up capital

    Unless the Board otherwise approves, the investment must be such that, immediately after it is made, the total of all amounts paid on the shares in the investee company held by the PDF is at least 10% of the total of all amounts paid on the issued shares in the investee company.


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