Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:34
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 34
Character Range: 76387–77083

34  Convertible instruments that include a requirement for loss absorption if entity becomes non‑viable
  The excluded provisions do not apply in relation to an acquisition of an interest in securities if:
 (a) the securities are Additional Tier 1 Capital or Tier 2 Capital instruments (within the meaning of the Prudential Standard APS 111—Capital Adequacy: Measurement of Capital, as in force at the time this section commences); and
 (b) the securities have not been converted into ordinary shares.
Note: The Prudential Standard APS 111—Capital Adequacy: Measurement of Capital is made under subsection 11AF(1) of the Banking Act 1959.

Subdivision D—Actions relating to Australian land etc.