Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:1_13g
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 1 cl 13G
Character Range: 21764–22863

13G  Compliance with a recapitalisation direction

Giving members of the ADI notice of share issue etc.
 (1) As soon as practicable after an ADI issues shares, rights to acquire shares, or other capital instruments, in compliance with a recapitalisation direction, the ADI must give written notice to the persons who were members (under section 231 of the Corporations Act 2001) of the ADI just before the issue.
 (2) The notice must:
 (a) identify the issue; and
 (b) explain the effect of the issue of the shares, rights to acquire shares, or other capital instruments on the members' interests.

Issue of shares etc. despite other laws etc.
 (3) An ADI may issue shares, rights to acquire shares, or other capital instruments, in compliance with a recapitalisation direction despite:
 (a) the Corporations Act 2001; and
 (b) the ADI's constitution; and
 (c) any contract or arrangement to which the ADI is a party; and
 (d) any listing rules (as defined in section 761A of the Corporations Act 2001) of a financial market (as defined in that section) in whose official list the ADI is included.