Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:10_17
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 10 cl 17
Character Range: 122588–123673

17  Section 960‑220
Repeal the section, substitute:

960‑220  Meaning of trading

Shares in a listed public company

 (1) There is a trading in *shares in a *listed public company if there is an issue, redemption or transfer of those shares, or any other dealing in those shares, but only if it changes the respective proportions in which all the registered holders of shares in the company:
 (a) can exercise the voting power in the company; or
 (b) have the right to receive, as registered holders (whether or not for their own benefit) any dividends that the company may pay; or
 (c) have the right to receive, as registered holders (whether or not for their own benefit) any distribution of capital of the company.

Units in a unit trust

 (2) There is a trading in units in a unit trust if there is an issue, redemption or transfer of those units, or any other dealing in those units, but only if it changes the respective proportions in which all the registered holders of units in the trust hold (whether beneficially or not) interests in the trust income or trust capital.