Document ID: chunk:federal_register_of_legislation:C2023C00427:clause:2_6:p1
Version: federal_register_of_legislation:C2023C00427
Segment Type: clause
Provision Reference: sch 2 cl 6 (pt 1/2)
Character Range: 16277–18843

6  Sale‑scheme hybrid securities
(1) For the purposes of this Schedule, 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 a Medibank Private company; 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 a Medibank Private company; 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 a Medibank Private company; or
 (d) an option to acquire a share or shares in a Medibank Private company; 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 a Medibank Private company; 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 a Medibank Private company; 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 a Medibank Private company; 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 a Medibank Private company; 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 a Medibank Private company.
(2) A security or financial product covered by a paragraph of subitem (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