Securities and Futures Act 2001 s 137A

s 137A Beneficial owner to ensure notification by person who holds, acquires or disposes of interests on beneficial owner’s behalf

137A. Where a person (A) authorises another person (B) to hold, acquire or dispose of, on A’s behalf, voting shares or an interest or interests in voting shares in a corporation, A must take reasonable steps to ensure that B notifies A as soon as practicable and, in any case, no later than 2 business days after any acquisition or disposal of any of those voting shares or interest or interests in voting shares effected by B on A’s behalf which will or may give rise to any duty on the part of A to give notice under this Subdivision.[2/2009]