Document ID: chunk:federal_register_of_legislation:C2025C00014:section:26bc:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 26BC (pt 1/9)
Character Range: 240234–242762

26BC  Securities lending arrangements
 (1) In this section:
convertible note:
 (a) in relation to a company—has the same meaning as in Division 3A; or
 (b) in relation to a unit trust—means a note issued by the trustee of the unit trust, being a note that, if the unit trust were a company, would be a convertible note issued by the company, and includes a note that would be a convertible note within the meaning of Division 3A if:
 (i) references in that Division to a company were references to a unit trust, or to the trustee of the unit trust, as the context requires; and
 (ii) references in that Division to shares were references to units.
debenture, in relation to a unit trust, means an instrument issued by the trustee of the unit trust, being an instrument that, if the unit trust were a company, would be a debenture issued by the company.
distribution includes:
 (a) interest; or
 (b) a dividend; or
 (c) a share issued by a company to a shareholder in the company where the share is issued:
 (i) as a bonus share; or
 (ii) in the circumstances mentioned in subsection 6BA(1); or
 (d) an amount credited by the trustee of a unit trust to a unit holder as a unit holder; or
 (e) a unit issued by the trustee of a unit trust to which section 130‑20 of the Income Tax Assessment Act 1997 applies (apart from subsection (4) of that section).
eligible security means:
 (a) a share, bond, debenture, convertible note, right, option or similar financial instrument issued by a public company; or
 (b) a unit, bond, debenture, convertible note, right, option or similar financial instrument issued by the trustee of:
 (i) a listed unit trust; or
 (ii) a unit trust any of the units of which were offered to the public; or
 (c) a bond, debenture, right, option or similar financial instrument issued by a government or by an authority of a government.
government means:
 (a) the Commonwealth, a State or a Territory; or
 (b) the government of, or of a part of, a foreign country.
listed company means a company any of the shares of which are listed for quotation in the official list of a stock exchange in Australia or elsewhere.
listed unit trust means a unit trust any of the units of which are listed for official quotation in the official list of a stock exchange in Australia or elsewhere.
option:
 (a) in relation to a company—means an option to acquire shares in the company; or
 (b) in relation to a unit trust—means an option to acquire units in the unit trust; or
 (c) in relation to a government or an authority