Document ID: chunk:federal_register_of_legislation:F2023C00841:body:0:p7
Version: federal_register_of_legislation:F2023C00841
Segment Type: other
Provision Reference: 
Character Range: 15224–18091

underlying or reference asset to which the derivative relates;
adjusted as follows:
(c) if a derivative gives rise to a long exposure and another derivative gives rise to a short exposure, and both derivatives are otherwise on the same terms and relate to an underlying or reference asset of the same class, the face value of, or notional amount in respect of, each derivative is to be offset against each other.
              prescribed foreign regulatory authority means a foreign regulatory authority included in Schedule 10G.
              prescribed published index means a published index which is widely used for benchmarking purposes and is solely or predominantly comprised of one or more of the following asset classes:
(a) shares that are able to be traded on a financial market;
(b) interests in managed investment schemes that are able to be traded on a financial market;
(c) debentures of a body corporate;
(d) debentures, stocks or bonds issued by a government;
(e) bills of exchange, promissory notes, certificates of deposit or other negotiable short-term money market instruments.
              securities lending arrangement means an arrangement under which:
(a) one entity (the lender) agrees that it will:

(i) deliver particular financial products to another entity (the borrower) or to an entity nominated by the borrower; and

(ii) vest title in those products in the entity to which they are delivered; and
(b) the borrower agrees that it will, after the lender does the things mentioned in paragraph (a):

(i) deliver the products (or equivalent products) to the lender or to an entity nominated by the lender; and

(ii) vest title in those products (or those equivalent products) in the entity to which they are delivered.".

Simple sub-funds: multifunds and hedge funds
(2A) Part 7.9 of the Act applies in relation to a retail CCIV in respect of a simple sub-fund as if regulation 7.9.11ZA of the Regulations were modified or varied by, after subregulation (4), inserting:
            Note: Part 7.9 applies to CCIVs subject to modifications: see, in particular, section 1241Q.
           "(5) This Subdivision does not apply to a Product Disclosure Statement to which all of the following apply:
              (a) the Statement covers a financial product which relates to a simple sub-fund;
              (b) the Statement is prepared or purports to be prepared in accordance with Part 7.9 of the Act as it applies but for this Subdivision;
              (c) the Statement is set out in a document in which there is also set out one or more other Product Disclosure Statements which:
                  (i) cover a financial product which relates to another sub-fund of the same CCIV or a sub-fund of another CCIV, but not another financial product; and
                  (ii) is prepared or purports to be prepared in accordance with Part