Document ID: chunk:federal_register_of_legislation:F2023C00095:body:0:p10
Version: federal_register_of_legislation:F2023C00095
Segment Type: other
Provision Reference: 
Character Range: 22980–25908

the body;

       contractor, in relation to a listed body or an associated body corporate, means:

           (a) an individual with whom the body has entered into a contract for the provision of services under which the individual performs work for the body; or

           (b) a company with whom the body has entered into a contract for the provision of services under which an individual, who is a director of the company or their spouse, performs work for the body;

       where the individual who performs the work under or in relation to the contract is, or might reasonably be expected to be, engaged to work the number of hours that are the pro-rata equivalent of 40% or more of a comparable full-time position with the body;

       contribution, in relation to a contribution plan, does not include:

           (a) nominal monetary consideration; or

           (b) a monetary contribution as consideration for an issue, transfer or grant of an eligible product to the eligible participant without undue delay (including a monetary contribution made to exercise an eligible product or cause an eligible product to vest);

       contribution plan means a plan under which an eligible participant may make monetary contributions to acquire eligible products, whether made before or after the acquisition, from one or more of the following:

           (a) gross (before-tax) wages or salary;

           (b) net (after-tax) wages or salary;

           (c) other monies;

       eligible financial market means a financial market specified in column 1 of Table A and, unless a contrary intention appears, is limited to the main board of that market;

       eligible participant, in relation to listed body or an associated body corporate, means a person specified in column 3 of Table A;

       eligible product, in relation to a listed body, means a financial product specified in column 2 of Table A;

       employee incentive scheme means an arrangement under which eligible products of a listed body are offered to eligible participants;

       financial product advice has the meaning given by section 766B of the Act;

       general advice has the meaning given by section 766B of the Act;

       incentive right means a conditional right:

           (a) to acquire underlying eligible products;

           (b) to be paid a cash amount that is ultimately determined by reference to (wholly or in part):

              (i) the price or value at a given time of the underlying eligible product to which the right relates;

              (ii) a change in the price or value over a given period of the underlying eligible product to which the right relates;

              (iii) the amount or value of dividends or distributions paid or payable in relation to the underlying eligible product to which the right relates; or

              (iv) a change in the amount or value over a given period of time