Document ID: chunk:federal_register_of_legislation:F2016L00333:body:0
Version: federal_register_of_legislation:F2016L00333
Segment Type: other
Provision Reference: 
Character Range: 0–2117

ASIC Corporations (Offers of Convertibles) Instrument 2016/83
I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date  9 March 2016

Grant Moodie

Contents

Part 1—Preliminary
1 Name of legislative instrument
2 Commencement
3 Authority
4 Definitions
Part 2—Declaration
4 Securities that are convertible into continuously quoted securities
5 Definition of "underlying securities"

Part 1—Preliminary

1 Name of legislative instrument
This instrument is ASIC Corporations (Offers of Convertibles) Instrument 2016/83.

2 Commencement
This instrument commences on the day after it is registered on the Federal Register of Legislation.
Note: The register may be accessed at www.legislation.gov.au.

3 Authority
This instrument is made under section 741 of the Corporations Act 2001.

4 Definitions
In this instrument:
Act means the Corporations Act 2001.

Part 2—Declaration

4 Securities that are convertible into continuously quoted securities
    Chapter 6D of the Act applies to all persons as if section 713 were modified or varied as follows:
       (a) after paragraph (1)(a) insert:
           "(aa) convertible or converting notes or convertible or converting preference shares of a body that are convertible or may convert into continuously quoted securities of the body; or";
       (b)  after paragraph (2)(c) insert:
           "(ca) if the securities are convertible or converting notes or convertible or converting preference shares—the rights and liabilities attaching to:
              (i) the convertible or converting securities themselves; and
              (ii) the underlying securities; and.".

5 Definition of "underlying securities"
    Chapter 6D of the Act applies to all persons as if the definition of underlying securities in section 9 of the Act were modified or varied by, after paragraph (a), inserting:
           "(aa) in relation to convertible or converting notes or convertible or converting preference shares—those securities into which the convertible or converting securities may be converted; and".