Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.12 - MISCELLANEOUS  

Division 1A - Employee share schemes  

Subdivision D - 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:


(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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