Document ID: chunk:federal_register_of_legislation:C2004A00656:clause:1_10
Version: federal_register_of_legislation:C2004A00656
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 6247–6882

10  Subsection 21(1)
Omit all the words before paragraph (a), substitute:

 (1) The PDF must believe, on reasonable grounds, that:
 (aa) if the investment is covered by section 20 (shares)—the shares concerned are being, or were, issued or allotted for the sole or principal purpose of raising money; or
 (ab) if the investment is covered by section 20A (options)—the money paid as consideration for the option concerned is being raised solely or principally; or
 (ac) if the investment is covered by section 20B (loans)—the loan money concerned is being borrowed solely or principally;
for use in doing one or more of the following: