Document ID: chunk:federal_register_of_legislation:F2023C00832:body:0:p3
Version: federal_register_of_legislation:F2023C00832
Segment Type: other
Provision Reference: 
Character Range: 5252–7989

non-renounceable basis;
(d) if offers of the kind are referred to in sub-subparagraph (c)(i)(B) are made—the terms and conditions on which a registered holder may acquire shares or interests on their own behalf or as a custodian on behalf of a beneficiary are nearly as practicable the same;
(e) the issue price of the shares or interests is less than the market price of the shares or interests during a specified period in the 30 days before either the date of the offer or the date of the issue; and
(f) the total application price for the shares or interests acquired:
              (i) by a person on their own behalf; and
              (ii) by a custodian on behalf of the person; and
              (iii) by a custodian in relation to which another custodian holds beneficial interests in the shares or interests on behalf of the person,
             in any 12-month period does not exceed $30,000.
registered holder means a person recorded in:
(a) the register of members of a body as a member of the body; or
(b) the register of members of a registered scheme as a member of the scheme.
       regulated superannuation fund has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
       self-managed superannuation fund has the meaning given by section 17A of the Superannuation Industry (Supervision) Act 1993.
       superannuation master trust means a regulated superannuation fund under which:
(a) a member of the fund gives, or is entitled to give, an instruction that a particular financial product is to be acquired; and
(b) if the member gives such an instruction, the trustee, or a custodian who holds financial products on behalf of the trustee, must (subject to any discretion they have to refuse) acquire the financial product; and
(c) if the trustee or custodian acquires the financial product in accordance with an instruction given by the member—the member is to have rights or benefits calculated by reference to dividends or other benefits derived from the product.

5 Interpretation
In this instrument:
           (a) if two or more persons are recorded in the register of members as jointly holding shares or interests in the body or scheme they are taken to be a single registered holder and a certificate given or statement made by any of them for the purpose of subsection 8(2) is taken to be a certificate given or statement made by all of them;
           (b) subject to subparagraph (c), if a custodian holds shares or interests jointly on behalf of two or more persons:
              (i) the $30,000 limit applies jointly in relation to those persons as if the custodian holds the shares or interests on behalf of a single person; and
              (ii) the custodian is taken to