New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) For the purposes of this Act, a control right means a voting right attaching to a voting security.
(2) A person has a control right under this Act if the person would have a relevant interest, under sections 5 to 5B of the Securities Markets Act 1988, in the voting securities that confer that right,—
(a) if voting security, in relation to a body, meant a security of the body which confers a right to vote at meetings of members (whether or not there is any restriction or limitation on the number of votes that may be cast by or on behalf of the holder of the security); and includes a security which, in accordance with the terms of the security, is convertible into a security of that kind; and
(b) if references in those sections to a number or percentage of voting securities were a reference to the number or percentage of the votes conferred by those securities.
Section 9(2): amended, on 29 February 2008, by section 14 of the Securities Markets Amendment Act 2006 (2006 No 47).
Section 9(2): amended, on 1 December 2002, by section 30 of the Securities Markets Amendment Act 2002 (2002 No 44).
Section 9(2)(b): amended, on 29 February 2008, by section 14 of the Securities Markets Amendment Act 2006 (2006 No 47).
