Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_412a
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 412A
Character Range: 904825–905497

412A  Subsection 707(3)
Omit all the words from and including "if the body issued the securities" to and including the end of paragraph (b), substitute:

  if:
 (a) the body issued the securities without disclosure to investors under this Part; and
 (b) either:
 (i) the body issued the securities with the purpose of the person to whom they were issued selling or transferring the securities, or granting, issuing or transferring interests in, or options over, them; or
 (ii) the person to whom the securities were issued acquired them with the purpose of selling or transferring the securities, or granting, issuing or transferring interests in, or options over, them;