Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of sections 165 - 15, 165 - 40, 165 - 115D, 165 - 115M and 165 - 129, a person is not prevented from controlling, or being or becoming able to control, voting power in a company merely because:
(a) the company is or becomes:
(i) a Chapter 5 body corporate within the meaning of the Corporations Act 2001 ; or
(ii) an entity with a similar status under a * foreign law to a Chapter 5 body corporate; or
(b) either:
(i) a provisional liquidator is appointed to the company under section 472 of the Corporations Act 2001 ; or
(ii) a person with a similar status under a foreign law to a provisional liquidator is appointed to the company.
(2) For the purposes of sections 165 - 15, 165 - 40, 165 - 115D, 165 - 115M and 165 - 129, a company (the stakeholding company ) is not prevented from controlling, or being or becoming able to control, voting power in another company merely because:
(a) the stakeholding company is or becomes:
(i) a Chapter 5 body corporate within the meaning of the Corporations Act 2001 ; or
(ii) an entity with a similar status under a * foreign law to a Chapter 5 body corporate; or
(b) either:
(i) a provisional liquidator is appointed to the stakeholding company under section 472 of the Corporations Act 2001 ; or
(ii) a person with a similar status under a foreign law to a provisional liquidator is appointed to the stakeholding company.