Document ID: chunk:federal_register_of_legislation:F2016L01620:body:0:p2
Version: federal_register_of_legislation:F2016L01620
Segment Type: other
Provision Reference: 
Character Range: 2660–5131

the rights to acquire, by way of issue, the interests can be sold or transferred to another person.
rights renunciation form means:
           (a) Form 5, 6, 7 or 8 in Schedule 2A to the Regulations or a form that is substantially similar to one of those Forms; or
           (b) a notification form informing holders of Division 3 assets of their individual entitlement to acquire a specified number of Division 3 assets under a renounceable rights issue.

       Part 2—Exemption

5 Rights issue notifications

Renounceable rights issues—listed bodies
(1) A person involved in the issuing of a rights renunciation form in the course of settling a sale of Division 3 rights in connection with a renounceable rights issue of securities of a listed body does not have to comply with subsections 721(1), 723(1) and 727(2) of the Act to the extent those subsections require a rights renunciation form to be included in, or accompanied by, a disclosure document.

Renounceable rights issues—listed schemes
(2) A responsible entity of a listed registered scheme who makes offers to issue and issues interests in the scheme in connection with a renounceable rights issue of interests in the scheme does not have to comply with sections 1012B and 1016A of the Act to the extent those sections require:
(a) a rights renunciation form to be included in or be accompanied by a Product Disclosure Statement; and
(b) the responsible entity to give a Product Disclosure Statement to a person (a transferee) to whom Division 3 rights are transferred or to a transferee who exercises such rights.
    Conditions
       (3) Before offers are made in connection with a renounceable rights issue, the listed body or the responsible entity (as applicable) must:
(a) have arrangements in place to ensure that during the period that offers under the renounceable rights issue remain open:
              (i) the disclosure document or Product Disclosure Statement for the renounceable rights issue is made available for inspection at the registered office of the body or responsible entity or published on a website of the body or responsible entity;
              (ii) if requested by a person (other than an excluded person), the disclosure document or Product Disclosure Statement is given to the person free of charge;
(b) announce to each prescribed financial market on which the body or scheme is listed that the arrangements specified in paragraph (a) have been or will be put in place.