Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person may apply to the Treasurer for approval to hold a stake in a particular financial sector company of more than 20% .
(1A) The application may be in relation to a company that is not a financial sector company at the time the application is made.
(2) The application must:
(aa) specify whether the applicant is seeking for the approval to be granted on the basis of either paragraph 14(1)(a) or (b); and
(a) specify the percentage of the stake (if any) the person currently holds in the company concerned ; and
(b) specify the percentage of the stake the person is seeking approval to hold in the company; and
(c) set out the person's reasons for making the application; and
(d) be accompanied by the prescribed fee (if any) .