Document ID: chunk:federal_register_of_legislation:F2022C01165:body:0:p4
Version: federal_register_of_legislation:F2022C01165
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of the document; or
              (ii) if no English version of the document is available—a version of the document that is given or made available to offerees in the eligible foreign country,
           is given or made available to Australian offerees at or before the time the offers of scrip are made; and
           (d) the offers of scrip made to Australian offerees are on terms that are at least as favourable as the offers made to other offerees.
(7) An adviser may only rely on the exemption in subsection (5):
           (a) in the case of an adviser that is not an associate of the person offering the scrip—if the adviser has no reason to suspect that the foreign scrip bid is not made in accordance with the relevant regulatory requirements;
           (b) in the case of an adviser that is an associate of the person offering the scrip—where the adviser reasonably believes the foreign scrip bid is made in accordance with the relevant regulatory requirements.

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration      Date of commencement  Application, saving or transitional provisions
2015/357           1/9/2015 (see F2015L01378)    2/9/2015
2017/6             4/9/2017 (see F2017L01128)    5/9/2017              -
2022/0940          14/11/2022 (see F2022L01459)  15/11/2022            -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected                                  How affected
Section 2                                           rep. s48D LA
Section 4 (definition of approved foreign market)
                                                    am. 2017/6
Section 4 (definition of eligible foreign country)
                                                    am. 2017/6
Subsection 5(3) (heading)                           rs. 2022/0940
Subsection 5(3)                                     am. 2022/0940
Subsection 5(5) (note)                              ad. 2022/0940