Document ID: chunk:federal_register_of_legislation:F2023C00095:body:0:p12
Version: federal_register_of_legislation:F2023C00095
Segment Type: other
Provision Reference: 
Character Range: 28354–31307

holding an eligible product being offered under the employee incentive scheme;

           (d) if:

               (i) a trustee will hold underlying eligible products for specified eligible participants on an allocated basis in connection with the employee incentive scheme; and

              (ii) those eligible participants will have the right to:

                  (A) exercise, or direct the trustee to exercise on their behalf, any rights (including voting rights) attaching to the underlying eligible products; or

                  (B) receive income deriving from the underlying eligible products, including dividends or distributions;

       either:

              (iii) a copy of the trust deed; or

              (iv) a summary of the terms of the trust deed together with a statement that, on request and at no charge and within a reasonable time, the body will provide an eligible participant with a copy of the trust deed;

           (e) if the employee incentive scheme involves a contribution plan—either:

              (i) a copy of the contribution plan; or

              (ii) a summary of the terms of the contribution plan together with a statement that, on request and at no charge and within a reasonable time, the body will provide an eligible participant with a copy of the terms of the contribution plan;

           (f) if the employee incentive scheme involves a loan from the body or an associated body corporate to an eligible participant to acquire the product—a copy of the terms of the loan;

           (g) the acquisition price of the eligible products in Australian dollars or, where the acquisition price is to be worked out in the future under a formula, an explanation of how an eligible participant could calculate the acquisition price of the eligible products in Australian dollars were that formula applied at the date of the offer;

           (h) an explanation of how an eligible participant could, from time to time, ascertain the market price of the underlying eligible products in Australian dollars;

       overlying eligible product means an eligible product specified in any of paragraphs (g) to (i) in column 2 of Table A;

       prospective participant, in relation to an offer of an eligible product under an employee incentive scheme, means a person to whom the offer is made but who can only accept the offer if an arrangement has been entered into that will result in the person becoming covered by one of paragraphs (a) to (d) of column 3 of Table A;

       related body corporate has the meaning given in section 50 of the Act;

       stapled security means two or more eligible products which, under the terms on which each is traded, must be transferred together;

       trustee means a body that holds or will hold underlying eligible products on trust for the following persons in connection with an employee incentive scheme:

           (a) eligible participants generally on