Document ID: chunk:federal_register_of_legislation:F2017L00898:body:0:p2
Version: federal_register_of_legislation:F2017L00898
Segment Type: other
Provision Reference: 
Character Range: 2737–3334

to the confirmation of a transaction that is:
          (a) an issue of member shares; or
          (b) the redemption of member shares.
Condition
(2) An Eligible Company which relies on the exemption in subsection (1) must include in each periodic statement it gives under section 1017D of the Act to a holder of member shares:
          (a)  the number of shares held by the holder; or
          (b)  the amount paid by the holder for the member shares.
Note: Section 1017D relevantly requires an Eligible Company to give periodic statements to holders of deposit products issued by the Company.