Document ID: chunk:federal_register_of_legislation:F2023C00095:body:0:p11
Version: federal_register_of_legislation:F2023C00095
Segment Type: other
Provision Reference: 
Character Range: 25655–28668

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 of dividends or distributions paid or payable in relation to the underlying eligible product to which the right relates; or

           (c) to acquire or to be paid a combination of underlying eligible products and a cash amount as determined in accordance with paragraph (b);

       listed body means a body that is listed on an eligible financial market;

       nominal monetary consideration means monetary consideration of a token or trivial amount;

       notice of reliance, in relation to a particular employee incentive scheme, means a written notice in a form approved in writing by ASIC;

       offer, in relation to an eligible product, has a meaning affected by sections 700, 702 and 1010C of the Act and includes:

           (a) an offer to issue the eligible product;

           (b) an issue or grant of the eligible product;

           (c) an offer to transfer the eligible product;

           (d) a transfer of the eligible product;

           (e) an offer to arrange for the issue or transfer of the eligible product;

       but does not include an issue, grant or transfer of an underlying eligible product made by reason of the exercise or vesting of an overlying eligible product in circumstances where an offer to issue or transfer the overlying eligible product had been previously made.

       offer document, in relation to an offer of eligible products under an employee incentive scheme, means a document which includes, or is accompanied by, the following information, statements and explanations worded and presented in a clear, concise and effective manner:

           (a) prominent statements to the effect that:

              (i) any advice given by the body in relation to eligible products offered under the employee incentive scheme does not take into account an eligible participant's objectives, financial situation and needs; and

              (ii) eligible participants should consider obtaining their own financial product advice from a person who is licensed by ASIC to give such advice;

           (b) either:

              (i) a copy of the terms of the employee incentive scheme; or

              (ii) a summary of the terms of the scheme 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 terms of the scheme;

           (c) general information about the risks of acquiring and holding an eligible product being offered under the employee incentive scheme;

           (d) if:

               (i) a trustee will hold underlying eligible products for specified eligible participants on an allocated basis in connection with the employee incentive scheme; and

              (ii) those eligible