Document ID: chunk:federal_register_of_legislation:C2022A00014:clause:4_1100p
Version: federal_register_of_legislation:C2022A00014
Segment Type: clause
Provision Reference: sch 4 cl 1100P
Character Range: 28351–29047

1100P  Offers for no monetary consideration
  An offer for the issue or transfer of ESS interests of a body corporate or registered scheme to ESS participants in connection with an employee share scheme is covered by this section if:
 (a) no monetary consideration is to be provided for the issue or transfer of the interests; and
 (b) if the offer is of options or incentive rights—no monetary consideration is to be provided on the exercise of the options or rights; and
 (c) any trust that may issue or transfer ESS interests under the scheme meets the requirements in section 1100S; and
 (d) the offer meets any requirements prescribed in the regulations for the purposes of this paragraph.