Document ID: chunk:federal_register_of_legislation:F2021C01046:body:0:p2
Version: federal_register_of_legislation:F2021C01046
Segment Type: other
Provision Reference: 
Character Range: 2912–5717

or transfer of or grant of any right to use or exploit present or future intellectual property or know-how of the participant resulting from the labour or efforts of the participant or, where the participant is not a natural person, acquired in the ordinary course of its business;
              (iii) the sale or transfer of goods imported, manufactured or produced by the participant in the ordinary course of its business;
              (iv) the sale or transfer of, or the entry into or grant of any interest in land where:
(A) the participant; or
                  (B) a person (other than the issuer or one of its associates) that held an interest in the scheme and from whom the participant has acquired the interest in land;

              has held the interest in land for at least 6 months before any offer of an interest in the scheme was made;
              (v) the sale, grant or transfer of any business, or any proprietary interest with respect to a business, owned by the participant for at least 6 months before any offer of an interest in the scheme was made;
 where:
              (vi) no money is to be paid and no financial products are to be transferred by the participant in consideration for the interest or in relation to the grant of the interest, either to the issuer or to any associate of the issuer, unless:
                   (A)  the payment is a fee for services rendered or a reimbursement of incidental expenses; and
                   (B)  the nature of the services or expenses and the applicable cost or means of calculating the applicable cost is separately disclosed to the participant before entering into the contract; and
              (vii)  any right of the participant under the terms of the contract to terminate the contract or otherwise take action for default is not dependent upon the approval or other action of persons who have entered into similar contracts with the issuer; and
              (viii)  the interest does not relate to any other managed investment scheme; or
(b)  in circumstances, other than because of this instrument, that do not require a Product Disclosure Statement to be given;
       but does not include a scheme if all interests in the scheme have been issued in the circumstances referred to in paragraph (b).
       offer includes an invitation to make an offer.
       show scheme means a managed investment scheme for the development and/or production of a cinematograph film, sound recording, work, or live performance (including a script or component of such a film, recording, work, or performance), under which every interest in the scheme is issued:
(a)  to a person (participant) as consideration for or as part of the consideration for any of the following:
              (i) personal or professional services to be