Document ID: chunk:federal_register_of_legislation:F2023C00116:body:0:p11
Version: federal_register_of_legislation:F2023C00116
Segment Type: other
Provision Reference: 
Character Range: 25804–28572

of the terms of the trust deed together with a statement that, on request and at no charge and within a reasonable time, the body will provide an eligible participant with a copy of the trust deed;

           (g) an explanation of the methodology used or adopted by the directors of the body for the purposes of the directors' valuation resolution;

              Note: The offer document must be accompanied by the most recent directors' valuation resolution: see sub-subparagraph 17(b)(iii).

overlying eligible product means an eligible product specified in any of paragraphs (b) to (d) in column 1 of Table A;

       prospective participant, in relation to offers of an eligible product under an employee incentive scheme, means a person to whom offers are made but who can only accept the offers if an arrangement has been entered into that will result in the person becoming covered by one of paragraphs (a) to (d) in column 2 of Table A;

       special purpose financial report means a balance sheet and profit and loss statement prepared in accordance with a financial reporting framework designed to meet the financial information needs of specific users;

       trustee means a body that holds or will hold underlying eligible products on trust for the following persons in connection with an employee incentive scheme:

           (a) eligible participants generally on an unallocated basis; or

           (b) one or more specified eligible participants on an allocated basis;

       underlying eligible product means an eligible product specified in paragraph (a) in column 1 of Table A;

       unlisted body means a body that is not listed on any of the eligible financial markets specified in column 1 of Table A of ASIC Class Order [CO 14/1000];

       valuation document, in relation to an offer of options or incentive rights, means:

           (a) a current disclosure document for an offer of shares in the same class as the shares to which the options or rights relate;

           (b) an independent expert's report that contains an opinion on the value of a share in the same class as the shares to which the options or rights relate; or

           (c) a copy of an executed agreement under which shares in the same class as shares to which the options or rights relate are to be acquired on arm's length terms by a third party that is not an associate of the body and which specifies a value of a share in that class;

       (b) an offer of eligible products to an eligible participant under an employee incentive scheme on terms that the eligible participant may renounce the offer in favour of a person covered by one of the following sub-subparagraphs is to be treated as an offer of eligible products to the eligible participant: