Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:1_93
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 1 cl 93
Character Range: 55158–56604

93  After subsection 13F(1)
Insert:
 (1A) If the recapitalisation direction is a direction to a NOHC/NOHC subsidiary under subsection 13E(1B), the direction may direct the NOHC/NOHC subsidiary to do any of the following:
 (a) issue:
 (i) shares, or rights to acquire shares, in the NOHC/NOHC subsidiary; or
 (ii) other capital instruments in the NOHC/NOHC subsidiary of a kind specified in the direction;
 (b) acquire:
 (i) shares, or rights to acquire shares, in the ADI mentioned in subsection 13E(1A); or
 (ii) other capital instruments in the ADI mentioned in subsection 13E(1A) of a kind specified in the direction;
 (c) acquire:
 (i) shares, or rights to acquire shares, in a specified body corporate covered by subsection (1B); or
 (ii) other capital instruments in a specified body corporate covered by subsection (1B), of a kind specified in the direction.
 (1B) This subsection covers a body corporate if:
 (a) the body corporate is a subsidiary of the NOHC/NOHC subsidiary; and
 (b) the ADI is a subsidiary of the body corporate.
 (1C) Without limiting the generality of subsections (1), (1A) and (2), but subject to subsection (3), a direction referred to in those subsections may:
 (a) deal with some only of the matters referred to in those subsections; or
 (b) deal with a particular class or particular classes of those matters; or
 (c) make different provision with respect to different matters or different classes of matters.