Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1100P

    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.