Document ID: chunk:federal_register_of_legislation:F2023C00208:reg:17:p10
Version: federal_register_of_legislation:F2023C00208
Segment Type: reg
Provision Reference: reg 17 (pt 10/14)
Character Range: 24428–27480

to deliver, at least 12 months after entering into the agreement, delivery products at a specified time (maturity) in the future to another person; and
            (b) the number and value of the delivery products to be delivered at maturity is ultimately determined or derived from the value or amount of one or more of the following:
                (i) other financial products (other than a derivative that relates to the delivery products);
                (ii) an asset;
                (iii) a rate (including an interest rate or exchange rate);
                (iv) an index;
                (v) a commodity; and
            (c) the person who agrees to deliver the delivery products at maturity has the right, in circumstances set out in the agreement, to instead deliver other securities or managed investment products where the securities or products are, at maturity, in a class of financial products that is a constituent of the index known as the S&P/ASX 200.
           Note: This index is compiled and calculated by Standard and Poor's, a division of The McGraw-Hill Companies, Inc. Its constituents are subject to change from time to time. Details of the current constituents may be found via http://www.standardandpoors.com.au/.

       Part 3—Short selling exemptions: capital markets

11 Deferred settlement trading arrangements on licensed markets
    Part 7.9 of the Act applies in relation to section 1020B products as if section 1020B of the Act were modified or varied by, after subsection (4), inserting the following subsections:

     "Public offers—conditional deferred settlement trading arrangements

           (7A) Subsections (7B) to (7F) apply to a sale of section 1020B products on a licensed market, during a deferred settlement trading period, in relation to a public offer.

           (7B) A person must only, in this jurisdiction, sell section 1020B products to a buyer on a licensed market during a deferred settlement trading period if, at the time of the sale:
                (a) the person has or, if the person is selling on behalf of another person, that other person has; or
                (b) the person believes on reasonable grounds that the person has or, if the person is selling on behalf of another person, that other person has;
            an entitlement to be issued with or sold the products under or in connection with a public offer.
           (7C) A person has an entitlement to be issued with section 1020B products under or in connection with a public offer if:
                (a) before the commencement of the deferred settlement trading period:
                   (i) the products are offered for issue under a prospectus, pathfinder prospectus or Product Disclosure Statement (each the offer document) in connection with either:
                      (A) the proposed listing of a listing body or listing scheme; or
                      (B) the proposed admission to quotation of the products in relation to a listed corporation; and
                   (ii) the person made an