Commonwealth Consolidated Acts

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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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