Hi Allyoops2
The Corporations Act 2001 (the Corporations Act) requires every director of a listed company to notify the Australian Securities Exchange (ASX) about holdings and changes to relevant interests in securities of your company.
The basic rule is that you have a relevant interest in a security if you are the holder of the security or if you have the power to control the voting or the disposal of the security.
You may have a relevant interest in securities even where you do not directly or indirectly own the securities. You must notify your interest within 14 days of appointment or listing of the company (whichever is relevant) and thereafter within 14 days of any change.
Source: https://asic.gov.au/for-business/running-a-company/company-officeholder-duties/what-books-and-records-should-my-company-keep/notifying-asx-about-directors-interests-in-company-securities/
Hope this helps.Cheers Able.
NPJ
Cheers Able.NPJ
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