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 D
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Making offers under this Division
SECTION 1100ZD
1100ZD
REGULATORY RELIEF FOR CERTAIN SUBSEQUENT SALE OFFERS OF ESS INTERESTS
The provisions of Part 6D.2 , 6D.3 and 7.9 do not apply in relation to an offer of ESS interests in a body corporate or registered scheme for sale if: (a) the body corporate or scheme operates an employee share scheme; and (b) the person making the offer reasonably believes that:
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 D is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
CCH Note: Section 1100ZD is modified by the ASIC Corporations (Employee Share Schemes) Instrument 2022/1021.
The provisions of Part 6D.2 , 6D.3 and 7.9 do not apply in relation to an offer of ESS interests in a body corporate or registered scheme for sale if: (a) the body corporate or scheme operates an employee share scheme; and (b) the person making the offer reasonably believes that:
(i) the person acquired the interests under the employee share scheme; and
(ii) the person is making the offer only to persons who are ESS participants in relation to the body corporate or registered scheme.
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