FYI
Column 1 Column 2 0 3% creep in 6 months 1 9 An acquisition by a person if:
(a) throughout the 6 months before the acquisition that person, or any other person, has had voting power in the company of at least 19%; and
(b) as a result of the acquisition, none of the persons referred to in paragraph (a) would have voting power in the company more than 3 percentage points higher than they had 6 months before the acquisition."
They can increase by 3% every 6 months BUT it cannot affect the voting power, in other words the extra shares (ie votes ) are not taken into account.
http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s611.html
New York presentation, page-51
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