Commonwealth Consolidated Acts Commonwealth Consolidated ActsFor the purposes of this Act, an unacceptable shareholding situation exists in relation to a particular financial sector company and in relation to a particular person if the person holds a stake in the company of more than:
(a) 20% ; or
(b) if an approval of a higher percentage is in force under Division 3 in relation to the company and in relation to the person--that higher percentage.
Note: A person's stake includes the interests of the person's associates--see Schedule 1.