Document ID: chunk:federal_register_of_legislation:F2022L01686:body:0:p2
Version: federal_register_of_legislation:F2022L01686
Segment Type: other
Provision Reference: 
Character Range: 3077–6095

contributions from one or more of the following:
(a) gross (before tax) wages or salary;
(b) net (after tax) wages or salary;
(c) other monies.
(3) Paragraphs (1)(b) and (d) do not apply to:
(a) future gross (before tax) wages or salary; or
(b) contributions from a loan covered by section 1100U.

6 Issue Cap
    Division 1A of Part 7.12 of the Act applies in relation to all persons as if paragraph 1100V(1)(b) were modified or varied as follows:
(a) omit "could have been issued", insert "may be issued";
(b) after "under offers", insert "that were both received in this jurisdiction and";
(c) omit "the employee share scheme", substitute "an employee share scheme".

7 Financial information prepared under a foreign standard
    Division 1A of Part 7.12 of the Act applies in relation to all persons as if section 1100X were modified or varied as follows:
       (a) omit paragraph 1100X(2)(c), substitute:
"(c) otherwise:
              (i) in any case—a balance sheet and profit and loss statement prepared in compliance with either the accounting standards or the international accounting standards (within the meaning of the Australian Securities and Investments Commission Act 2001); or
(ii) if the body corporate is a foreign company, but is not a registered foreign company—a balance sheet and profit and loss statement (together foreign financial statements) together with any additional information required by subsection (2A) and referred to in subsection (2B) where the body corporate reasonably believes:
(A) the foreign financial statements are prepared in accordance with a standard (foreign standard) that is not covered by subparagraph (2)(c)(i)"; and
(B) the body corporate provides the foreign financial statements under the foreign standard in its place of origin or in its principal place of business.";
(b) after subsection 1100X(2), insert:
           "(2A) The additional information referred to in subparagraph 1100X(2)(c)(ii) is required unless the body corporate reasonably believes that the financial information has been prepared in accordance with the standards and generally accepted accounting principles applied in the United States of America.
           (2B) For the purposes of subparagraph 1100X(2)(c)(ii), the additional information is either:
              (a) a confirmation that there is no material difference between the foreign financial statements and the information that would otherwise be required under subparagraph 1100X(2)(c)(i); or
              (b) a reconciliation of the material differences between the foreign financial statements and the information that would otherwise be required under paragraph 1100X(2)(c)(i).";
(c) after paragraph 1100X(3)(a), insert:
"(aa) if the ESS interest is not an ordinary share in a company—a copy of a valuation of the ESS interest prepared by an expert;".

8 Period of disclosure
    Division 1A of Part 7.12 of the Act applies in relation to all persons as if paragraph 1100Z(1)(b) were modified or varied by omitting "after