2A Meaning of code company

(1)

Code company means a company—

(a)

that is a listed issuer that has financial products that confer voting rights quoted on a licensed market; or

(b)

that was within paragraph (a) at any time during a period specified in the takeovers code (being a period not exceeding 12 months before any date or the occurrence of any event referred to in the code); or

(c)

that—

(i)

has 50 or more shareholders and 50 or more share parcels; and

(ii)

is at least medium-sized.

(2)

[Repealed]

(3)

In this section, shareholder means a shareholder holding a financial product that confers a voting right.

(4)

In this section, a company is at least medium-sized if—

(a)

the company has completed 1 or more accounting periods and either or both of the following are true:

(i)

on the last day of the company’s most recently completed accounting period, the total assets of the company and its subsidiaries (if any) are at least $30 million:

(ii)

in the most recently completed accounting period, the total revenue of the company and its subsidiaries (if any) is at least $15 million; or

(b)

the company has not completed its first accounting period and on the last day of the most recently completed month the total assets of the company and its subsidiaries (if any) are at least $30 million.

Section 2A: inserted, on 31 August 2012, by section 5 of the Takeovers Amendment Act 2012 (2012 No 68).

Section 2A(1): amended, on 13 January 2020, by section 117(1) of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).

Section 2A(1)(a): replaced, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 2A(1)(a): amended, on 13 January 2020, by section 117(2) of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).

Section 2A(1)(b): amended, on 13 January 2020, by section 117(3) of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).

Section 2A(1)(c): replaced, on 13 January 2020, by section 117(4) of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).

Section 2A(2): repealed, on 13 January 2020, by section 117(5) of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).

Section 2A(3): amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).

Section 2A(4): inserted, on 13 January 2020, by section 117(6) of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).