Document ID: chunk:federal_register_of_legislation:F2022L01194:reg:4:p1
Version: federal_register_of_legislation:F2022L01194
Segment Type: reg
Provision Reference: reg 4 (pt 1/2)
Character Range: 1279–4165

4  Reporting exemptions
    The classes of entities to which this instrument applies are not required to report about the following classes of transactions under section 396-55 of Schedule 1 to the TAA:

       (1)          An entity to which this instrument applies is not required to provide information under table items 6 or 8 in relation to a transaction where:

           (a)          the transaction relates to a share in a company that is listed for quotation in the official list of an Australian financial market; and

           (b)          data in relation to transactions on that Australian financial market is not required to be delivered to the Australian Securities and Investments Commission under the market integrity rules.

       (2)          A trustee of a unit trust is not required to provide information under table item 7 in relation to a transaction where, at the time of the transaction:

           (a)          the unit trust has fewer than 10 beneficiaries; and

           (b)          the total market value of the assets held by the trustee in the unit trust is less than $5 million.

       (3)          A trustee of a trust (other than a unit trust) is not required to provide information under table item 8 in relation to a transaction:

           (a)          where, at the time of the transaction:

              (i)             the trustee is not required to hold an Australian financial services licence, within the meaning of section 761A of the Corporations Act 2001; and

              (ii)           the total market value of the assets held by the trustee in all trusts of which it is a trustee is less than $5 million;

           (b)          that relates to shares in a company that are not listed for quotation in the official list of an Australian financial market; or

           (c)           where the trustee can reasonably expect that:

              (i)             some other entity will include information about the transaction in a report given to the Commissioner of Taxation under table item 5, 6, 7 or 8 in section 396‑55 of Schedule 1 to the TAA; and

              (ii)           that report will identify, as the owner of the shares or units, the entity that is absolutely entitled to them as a beneficiary of the trust.

       (4)          An entity to which this instrument applies is not required to provide information under table items 6, 7 or 8 in relation to a transaction where any entity is required to provide information to the Commissioner in relation to the transaction under Division 392 of Schedule 1 to the TAA (which is about employee share schemes).

       (5)          An entity to which this instrument applies is not required to provide information under table items 6, 7 or 8 where an investment is disposed of or purchased without the consent of the investor if, within the reporting period: