Document ID: chunk:federal_register_of_legislation:C2015A00105:clause:1_11:p2
Version: federal_register_of_legislation:C2015A00105
Segment Type: clause
Provision Reference: sch 1 cl 11 (pt 2/2)
Character Range: 9377–10256

particular *scheme; and
 (b) when the acquirer of the interest ceases being employed by the relevant employer.

10% limit on shareholding and voting power
 (6) This subsection applies to an *ESS interest in a company if, immediately after you acquire the interest:
 (a) you do not hold a beneficial interest in more than 10% of the *shares in the company; and
 (b) you are not in a position to cast, or to control the casting of, more than 10% of the maximum number of votes that might be cast at a general meeting of the company.
 (7) For the purposes of subsection (6), you are taken to:
 (a) hold a beneficial interest in any *shares in the company that you can acquire under an *ESS interest that is a beneficial interest in a right to acquire a beneficial interest in such shares; and
 (b) be in a position to cast votes as a result of holding that interest in those shares.