Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p22
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 54482–57452

a third party; or
             (c) in any investment contract,
         whether or not the right or interest is enforceable, whether the right or interest is actual, prospective or contingent, whether or not the right or interest is evidenced by a formal document and whether or not the right or interest relates to a physical asset, but does not include—
             (d) such a right that is a right to participate in a time-sharing scheme;
             (e) any share in, or debenture of, a corporation;
             (f) any interest in, or arising out of, a policy of life insurance; or
             (g) an interest in a partnership agreement, unless the agreement or proposed agreement—
                (i) relates to an undertaking, scheme, enterprise or investment contract promoted by or on behalf of a person whose ordinary business is or includes the promotion of similar undertakings, schemes, enterprises or investment contracts, whether or not that person is, or is to become, a party to the agreement or proposed agreement; or
                (ii) is or would be an agreement, or is or would be within a class of agreements, prescribed by the regulations for the purposes of this paragraph;";
     (e) by omitting the definition of "prescribed interest" in sub-section (1) and substituting the following definition:
         "'prescribed interest' means—
             (a) a participation interest; or
             (b) a right, whether enforceable or not, whether actual, prospective or contingent and whether or not evidenced by a formal document, to participate in a time-sharing scheme,
        but does not include a right or interest, or a right or interest included in a class or kind of rights or interests, declared by the

        regulations to be an exempt right or interest, or a class or kind of exempt rights or interests, for the purposes of Division 6 of Part IV;";
     (f) by inserting after the definition of "public company" in sub-section (1) the following definition:
         "'quotation', in relation to securities, in relation to a stock market of a securities exchange, includes the displaying or providing, on a stock market of the securities exchange, of information concerning—
             (a) in a case where offers to sell, purchase or exchange the securities at particular prices, or for particular consideration, are made or accepted on that stock market—those prices or that consideration;
             (b) in a case where offers or invitations are made on that stock market, being offers or invitations that are intended, or may reasonably be expected, to result, whether directly or indirectly, in the making or acceptance of offers to sell, purchase or exchange the securities at particular prices, or for particular consideration—those prices or that consideration; or
             (c) in any case—the price at which, or the consideration for which, particular persons, or particular classes of persons, propose, or may