Statute
Section 1100ZD — Corporations Act 2001: Regulatory relief for certain subsequent sale offers of ESS interests
Text of the provision Official document
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.
Official source: Federal Register of Legislation
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