Document ID: chunk:federal_register_of_legislation:C2022A00014:clause:4_1100m:p2
Version: federal_register_of_legislation:C2022A00014
Segment Type: clause
Provision Reference: sch 4 cl 1100M (pt 2/2)
Character Range: 25941–27752

interest in the body corporate prescribed by the regulations for the purposes of this paragraph.

Meaning of ESS interest in a registered scheme
 (3) An ESS interest, in a registered scheme that is included in the official list of a financial market covered by section 1100K, means:
 (a) an interest in the scheme that is of the same kind as an interest in the scheme that is able to be traded on the financial market; or
 (b) a unit in an interest mentioned in paragraph (a); or
 (c) an incentive right granted in relation to, or an option to acquire, an interest mentioned in paragraph (a) (the underlying ESS interest); or
 (d) any other interest in the scheme prescribed by the regulations for the purposes of this paragraph.

Meaning of incentive right
 (4) Incentive right, in relation to a security or financial product, means:
 (a) a conditional right to acquire the security or financial product; or
 (b) a conditional right to be paid a cash amount where the amount is determined (wholly or in part) with reference to any of the following:
 (i) the price or value of the security or financial product at a particular time;
 (ii) the change in the price or value of the security or financial product over a particular period;
 (iii) the amount of dividends or distributions paid in respect of the security or financial product at a particular time;
 (iv) the change in the amount of dividends or distributions paid in respect of the security or financial product over a particular period; or
 (c) a conditional right to:
 (i) acquire the security or financial product; and
 (ii) be paid a cash amount where the amount is determined (wholly or in part) with reference to any of the matters mentioned in subparagraphs (b)(i) to (iv).

Subdivision C—Offers that are eligible to be made under this Division