Document ID: chunk:federal_register_of_legislation:F2023C00832:body:0:p4
Version: federal_register_of_legislation:F2023C00832
Segment Type: other
Provision Reference: 
Character Range: 7746–10571

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 have been instructed to apply for shares or interests on behalf of those persons if:
                  (A) the custodian has received such an instruction in accordance with the terms on which the shares and interests are held; or
                  (B) where the terms on which the shares or interests are held do not cover the giving of instructions of this kind—the custodian has received such an instruction from any of those persons;
           (c) if, in relation to an IDPS-like scheme, a superannuation master trust or a self-managed superannuation fund, a member of the scheme, trust or fund has their distributions of capital and income from the scheme, trust or fund determined by reference to shares or interests that are held by the responsible entity or trustee of the trust or fund (or, if applicable, another custodian) as a result of an instruction given by the member to the responsible entity or trustee, then:
              (i) any shares or interests held by the responsible entity or trustee (or, if applicable, another custodian) as a result of the instruction are taken to be held on behalf of the member;
              (ii) any instruction given by the member to the responsible entity or trustee to acquire shares or interests is taken to be an instruction to acquire shares or interests on behalf of the member; and
              (iii) any application for shares or interests by the responsible entity or trustee (or, if applicable, another custodian) as a result of an instruction given by the member is taken to be an application to acquire shares or interests on behalf of the member;
           Note: In IDPS-like schemes, superannuation master trusts and self-managed superannuation funds, the responsible entity or trustee may hold trust property on behalf of members as a whole rather than on behalf of a specific member even if the property was acquired on the instructions of that member.
           (d) references to an issuer offering shares or interests include the issuer inviting applications for the issue of shares or interests;
           (e) if a share or interest must under the terms on which it is traded only be transferred together with one or more other shares or interests or other financial products (together, a stapled security):
              (i) the $30,000 limit in section 8 (wherever occurring), and in the definition of purchase plan, applies to the stapled security as if its component shares or interests constituted a single share or interest and not to any of those components separately;
              (ii) references