Document ID: chunk:federal_register_of_legislation:F2023C00116:body:0:p12
Version: federal_register_of_legislation:F2023C00116
Segment Type: other
Provision Reference: 
Character Range: 28331–31917

an employee incentive scheme on terms that the eligible participant may renounce the offer in favour of a person covered by one of the following sub-subparagraphs is to be treated as an offer of eligible products to the eligible participant:

           (i) an immediate family member of the eligible participant;

           (ii) a company whose members comprise no persons other than the eligible participant or immediate family members of the participant;

           (iii) a corporate trustee of self-managed superannuation fund (within the meaning of the Superannuation Industry (Supervision) Act 1993) where the eligible participant is a director of the trustee;

(ba) an employee incentive scheme, employee share scheme, or like scheme, is covered by an instrument to the extent that offers are made, or other conduct is carried out, in reliance on the instrument;

       (c) for the avoidance of doubt, a document or other writing to be given in connection with this instrument may be given by electronic means (including, in the case of a document or other writing to be given by a person relying on this instrument, by way of making it available on a website and notifying the intended recipient that it is available on the website).

Table A

Column 1                                                                                                  Column 2
Eligible product                                                                                          Eligible participant

  (a) a fully paid voting ordinary share of the body;                                                        (a) a full-time or part-time employee (including an executive director);

  (b)  a unit in a financial product mentioned in paragraph (a);                                             (b) a non-executive director;

  (c) an option to acquire, by way of issue or transfer, a financial product mentioned in paragraph (a);     (c) a contractor;

  (d) an incentive right granted in relation to a financial product mentioned in paragraph (a).              (d) a casual employee;

                                                                                                             (e) a prospective participant.

Notes to ASIC Class Order [CO 14/1001]

Note 1

ASIC Class Order [CO 14/1001] (in force under s283GA(1), 601QA(1), 741(1), 926A(2), 992B(1), 1020F(1) and 911A(2)(l)) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the tables below.

Table of Instruments
Instrument number   Date of FRL registration      Date of commencement  Application, saving or transitional provisions
[CO 14/1001]        30/10/2014 (see F2006B01473)  30/10/2014
2015/943            22/10/2015 (see F2015L01691)  11/11/2015            -
2015/999            10/11/2015 (see F2015L01772)  11/11/2015            -
2021/799            22/9/2021 (see F2021L01310)   5/10/2021             -
2022/1022           19/12/2022 (see F2022L01685)  20/12/2022            -

Table of Amendments

ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected     How affected
Para 3...........      rep. s48D LA
Para 4...........      am. 2015/943
Para 5...........      am. 2015/943, am. 2022/1022
Para 6...........      am. 2022/1022
Para 6A..........      ad. 2022/1022
Para 10..........      am. 2015/943
Para 11..........      am. 2015/943
Para 13..........      am. 2021/799
Para 12..........      am. 2015/943
Para 15..........      am. 2015/943