Document ID: chunk:federal_register_of_legislation:F2023C00208:reg:17:p9
Version: federal_register_of_legislation:F2023C00208
Segment Type: reg
Provision Reference: reg 17 (pt 9/14)
Character Range: 21890–24672

were exercised and that, at the time of sale, have not expired or been exercised;
PS (unobtained financial products Previously Sold) means the number of unobtained section 1020B products previously sold in sales that have not been completed at the time of the sale; and
(b) the price payable by the person for obtaining section 1020B products by exercising exchange traded options is to be calculated by reference first to the option with the lowest exercise price, then to the option with the second lowest exercise price, and so on in ascending order of price until the necessary number of options would have been exercised.
(4) In this section:
exchange traded option has the same meaning as in subsection 1020B(5J) of the Act.
           Note: Subsection 1020B(5J) of the Act is notionally inserted by section 6 of this instrument.
unobtained section 1020B products means section 1020B products of a class:
(a)  that a person has agreed to sell; and
(b)  in relation to which the person (or where the person is selling as an agent, the principal) does not, at the time of the sale, have a presently exercisable and unconditional right to vest in a buyer.

9 Debentures: Clearing and settlement participants
(1) A person that is entitled to use the clearing and settlement facilities of a CS facility licensee or the Reserve Bank Information and Transfer System does not have to comply with subsection 1020B(2) of the Act in relation to a sale of eligible debentures where the person:
            (a) sells the debentures as principal; and
            (b) believes on reasonable grounds that arrangements can be put in place before the time for delivery of the debentures that will enable the debentures to be unconditionally vested in a buyer by the time for delivery.
(2) In this section:
         eligible debentures mean:
            (a) bonds issued by a government; or
            (b) debentures or bonds of a body corporate if the value of debentures or bonds on issue with the same maturity and coupon terms exceeds $100,000,000.

10 Deferred purchase agreements
(1) A person who agrees to sell section 1020B products under a deferred purchase agreement does not have to comply with subsection 1020B(2) of the Act in relation to the sale.
(2) In this section:
         deferred purchase agreement means an agreement to sell securities (delivery products) or managed investment products (delivery products) that are able to be traded on the financial market operated by ASX Limited, under which:
            (a) a person agrees to deliver, at least 12 months after entering into the agreement, delivery products at a specified time (maturity) in the future to another person; and
            (b) the number and value of the delivery products to be delivered at maturity is