Section 1100P — Corporations Act 2001: 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.