Commonwealth Consolidated Acts

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POOLED DEVELOPMENT FUNDS ACT 1992 - SECT 36

Shareholders to comply with directions about shareholdings in PDFs

  (1)   If the Board is satisfied that a person holds shares in a PDF in contravention of section   31, the Board may, by notice in writing to the person, direct the person to dispose of a specified number of those shares.

  (2)   A direction must specify a reasonable period within which it must be complied with.

  (3)   A person must, within the specified period, comply with a direction given to the person.



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