Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.12
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MISCELLANEOUS
Division 1A
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Employee share schemes
Subdivision C
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Offers that are eligible to be made under this Division
SECTION 1100P
1100P
OFFERS FOR NO MONETARY CONSIDERATION
An offer for the issue or transfer of ESS interests of a body corporate or registered scheme to ESS participants in connection with an employee share scheme is covered by this section if: (a) no monetary consideration is to be provided for the issue or transfer of the interests; and (b) if the offer is of options or incentive rights - no monetary consideration is to be provided on the exercise of the options or rights; and (c) any trust that may issue or transfer ESS interests under the scheme meets the requirements in section 1100S ; and (d) the offer meets any requirements prescribed in the regulations for the purposes of this paragraph.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH Note: Division 1A is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
CCH Note: Subdivision C is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
CCH Note: Section 1100P is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
An offer for the issue or transfer of ESS interests of a body corporate or registered scheme to ESS participants in connection with an employee share scheme is covered by this section if: (a) no monetary consideration is to be provided for the issue or transfer of the interests; and (b) if the offer is of options or incentive rights - no monetary consideration is to be provided on the exercise of the options or rights; and (c) any trust that may issue or transfer ESS interests under the scheme meets the requirements in section 1100S ; and (d) the offer meets any requirements prescribed in the regulations for the purposes of this paragraph.
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