Section 65

become a substantial shareholder of that corporation; or

enter into any agreement or arrangement, whether oral or in writing and whether express or implied, to act together with any other person with respect to the acquisition, holding or disposal of, or the exercise of rights in relation to, their interests in voting shares of an aggregate of 5% or more of the total votes attached to all voting shares in that corporation, without first obtaining the approval of the Minister.

immediately before the relevant date in relation to a corporation, is a substantial shareholder of that corporation must not continue to be such a shareholder unless the person has, within 6 months after the relevant date or such longer period as the Minister may allow, applied to the Minister for approval to continue to be such a shareholder; or

at any time before the relevant date, has entered into any agreement or arrangement referred to in subsection (1)(b) must not continue to be a party to such an agreement or arrangement unless the person has, within 6 months after the relevant date or such longer period as the Minister may allow, applied to the Minister for approval to continue to be a party to such an agreement or arrangement.