Document ID: chunk:federal_register_of_legislation:C2024C00549:section:8aja:p1
Version: federal_register_of_legislation:C2024C00549
Segment Type: section
Provision Reference: s 8AJA (pt 1/2)
Character Range: 27159–29716

8AJA  Sale‑scheme hybrid securities
 (1) For the purposes of this Act, a sale‑scheme hybrid security is:
 (a) an interest‑bearing security that is issued on the basis that it will or may be redeemed in exchange for a share or shares in Telstra; or
 (b) a share that is issued on the basis that it will or may be redeemed in exchange for a share or shares in Telstra; or
 (c) any other security or financial product that is issued on the basis that it will or may be redeemed in exchange for a share or shares in Telstra; or
 (d) an option to acquire a share or shares in Telstra; or
 (e) an interest‑bearing security that is issued on the basis that it will or may be converted to a share or shares in Telstra; or
 (f) any other security or financial product that is issued on the basis that it will or may be converted to a share or shares in Telstra; or
 (g) an interest‑bearing security that is issued on the basis that it will or may be exchanged for a share or shares in Telstra; or
 (h) any other security or financial product that is issued on the basis that it will or may be exchanged for a share or shares in Telstra; or
 (i) a security, or a financial product, that:
 (i) is specified in a written declaration made by the Minister for Finance under this subparagraph; and
 (ii) relates directly or indirectly to Telstra.
 (2) A security or financial product covered by a paragraph of subsection (1) may (but need not) include a charge, pledge or lien.
 (3) A security covered by paragraph (1)(a), (e) or (g) may be issued in or outside Australia, and may be denominated in:
 (a) Australian currency; or
 (b) a currency other than Australian currency.
 (4) A share covered by paragraph (1)(b) may be issued in or outside Australia, and any rights or obligations may be denominated in:
 (a) Australian currency; or
 (b) a currency other than Australian currency.
 (5) A security or financial product covered by paragraph (1)(c), (f), (h) or (i) may be issued in or outside Australia, and any rights or obligations may be denominated in:
 (a) Australian currency; or
 (b) a currency other than Australian currency.
 (6) An option covered by paragraph (1)(d) may be issued in or outside Australia, and the exercise price may be denominated in:
 (a) Australian currency; or
 (b) a currency other than Australian currency.
 (7) A declaration under subparagraph (1)(i)(i) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the declaration.
 (8) In this section:
charge has the same meaning as in the