Document ID: chunk:federal_register_of_legislation:C2008C00460:clause:1_4
Version: federal_register_of_legislation:C2008C00460
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 7959–8755

4  Section 9
Insert:

eligible employee share scheme means an employee share scheme for a body corporate in respect of which the following conditions are met:
 (a) the scheme is offered only to employees or directors mentioned in paragraph (a) of the definition of employee share scheme;
 (b) the financial products that are offered under the scheme are offered:
 (i) under a disclosure document or Product Disclosure Statement; or
 (ii) without disclosure under Part 6D.2 in accordance with subsection 708(12);
 (c) the financial products which may be acquired under the scheme are the following:
 (i) fully paid ordinary shares;
 (ii) options, offered for no more than nominal consideration, for the issue or transfer of fully paid ordinary shares;
 (iii) units in fully paid ordinary shares.