Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p26
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 26/148)
Character Range: 393467–396300

paragraphs 6D.2.04(6)(e) and 6D.2.05(6)(c), the key financial ratios that are relevant to an issuing body are:
 (a) the gearing ratio; and
 (b) the working capital ratio; and
 (c) the interest cover ratio.
 (2) The key financial ratios referred to in subregulation (1) must be calculated in accordance with subregulations (3) to (5), based on the issuing body's most recent financial statements or, if applicable, the issuing body's consolidated financial statements.
 (3) The gearing ratio must be calculated using the following formula:
 (4) The working capital ratio must be calculated using the following formula:
 (5) The interest cover ratio must be calculated using the following formula:
where:
EBITDA means earnings before net interest expense, taxes, depreciation and amortisation, for the period to which the issuing body's most recent financial statements relate.
net interest expense means the interest expense net of interest revenue, taking account of any related hedging arrangements recognised in the profit and loss statements, for the period to which the issuing body's most recent financial statements relate.
Note: The issuing body's most recent financial statements may relate to a period that is less than 12 months.

Part 6D.3A—Crowd‑sourced funding

6D.3A.01  Offers that are eligible to be made under Part 6D.3A of the Act

Class of securities
 (1) For the purposes of paragraph 738G(1)(c) of the Act, this subregulation specifies fully‑paid ordinary shares as a class of securities.
Note: Paragraph 738G(1)(c) of the Act requires securities to be of a class specified in the regulations for an offer for the issue of the securities to be eligible to be made under Part 6D.3A of the Act.

Other requirements
 (2) For the purposes of paragraph 738G(1)(f) of the Act, this subregulation specifies the requirement that the funds sought to be raised by the offer are not intended by the company to be used, to any extent, by:
 (a) the company to issue a credit facility (within the meaning of regulation 7.1.06) to a related party of the company that is not a wholly‑owned subsidiary of the company; or
 (b) a related party of the company to issue a credit facility (within the meaning of regulation 7.1.06) to the company or to another related party of the company.

6D.3A.02  Contents of CSF offer document—general
 (1) For the purposes of subsection 738J(2) of the Act, this regulation, and regulations 6D.3A.03, 6D.3A.04, 6D.3A.05 and 6D.3A.06, specify the information that must be contained in a CSF offer document for a CSF offer of securities (the securities on offer) made by a company (the offering company).
 (2) Subregulation (1) does not prevent a CSF offer document from containing other information.
Note 1: The other information may be contained in a section identified in subregulation (3), in