Document ID: chunk:federal_register_of_legislation:F2023C01164:body:0:p9
Version: federal_register_of_legislation:F2023C01164
Segment Type: other
Provision Reference: 
Character Range: 20883–23904

that would be required under paragraph 738ZA(3)(b) if the member had applied as a retail client; and
(iii) was able to use the relevant communication facility for the CSF offer provided under subsection 738ZA(5); and
(iv) was able to withdraw the direction within 5 business days after it was made; and
(v) has not been provided with financial assistance in relation to the CSF offer by any of the following:
(A) a person referred to in subsection 738ZE(1); or
(B)  the responsible entity; or
(C) an associate of the responsible entity that is not an Australian ADI; and
(vi) has not in total paid for, or become liable to pay for, or given directions under an IDPS, an IDPS-like scheme or a nominee and custody service for the acquisition of, shares under a CSF offer of the company making the CSF offer that together exceed the cap on investment in paragraph 738ZC(1)(b); or
(b) the member would have acquired the shares as a wholesale client if the member had acquired the shares directly under the CSF offer.

           Quarterly report or electronic access on a substantially continuous basis
(9) The responsible entity of an IDPS-like scheme must give each member:
(a) a quarterly report complying with subsection (11) within one month after each quarter day; or

                  (b) electronic access to the information referred to in subsection (12) on a substantially continuous basis if either:

                      (i) both the following apply:

                         (A) the member has agreed to obtain information concerning transactions and holdings through the scheme electronically instead of receiving a quarterly report;

                         (B) the licensee has no reason to doubt that the member can electronically access the information on a substantially continuous basis; or

                      (ii) all the following apply:

                          (A) the member has received reasonable notice that the member will be able to obtain information concerning transactions and holdings through the scheme electronically instead of receiving a quarterly report;

                          (B) the licensee has no reason to doubt the member can electronically access the information on a substantially continuous basis;

                          (C) the licensee has provided the member with the ability to opt out of receiving the information by electronic access;

                          (D) the member has not opted out of receiving the information by electronic access.
(10) If the responsible entity provides electronic access to information to members during a quarter instead of a quarterly report complying with subsection (11):
(a) the information that was displayed at the quarter's end for the quarter that purports to be the information required under subsection (12) must remain readily accessible to members through the same facility by which electronic access was given to the members during the quarter until the end of the financial year of the IDPS-like