House of Representatives
Taxation Laws Amendment Bill (No. 5) 2000
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Conditional trading on the stockmarket occurs when shares, in a company that have not been allotted to shareholders, are traded on a deferred settlement basis (i.e. rather than the normal 3 day settlement period, settlement only occurs after the shares have been allotted to shareholders). Settlement of shares traded is conditional on the public float proceeding.