Document ID: chunk:federal_register_of_legislation:C2025C00185:section:708:p4
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 708 (pt 4/5)
Character Range: 2727220–2729779

of professional investor in section 9 (except a person mentioned in paragraph (e) of the definition); or
 (b) a person who has or controls gross assets of at least $10 million (including any assets held by an associate or under a trust that the person manages).

Offers of securities to people associated with the body
 (12) An offer of a body's securities does not need disclosure to investors under this Part if it is made to:
 (a) a senior manager of the body or a related body or their spouse, parent, child, brother or sister; or
 (b) a body corporate controlled by a person referred to in paragraph (a).

Certain offers to present holder of securities
 (13) An offer of securities for issue does not need disclosure to investors under this Part if it is an offer of fully‑paid shares in a body to one or more existing holders of shares in the body under a dividend reinvestment plan or bonus share plan.
 (14) An offer of a disclosing entity's debentures for issue does not need disclosure to investors under this Part if the offer is made to 1 or more existing debenture holders.
 (14A) Subsection (14) does not apply to:
 (a) an offer of simple corporate bonds; or
 (b) an offer of debentures (other than simple corporate bonds), if the offer is made to holders of simple corporate bonds.

Issues or sales for no consideration
 (15) An offer of securities (other than options) does not need disclosure to investors under this Part if no consideration is to be provided for the issue or transfer of the securities.
 (16) An offer of options does not need disclosure to investors under this Part if:
 (a) no consideration is to be provided for the issue or transfer of the options; and
 (b) no consideration is to be provided for the underlying securities on the exercise of the option.

Compromise or arrangement under Part 5.1
 (17) An offer of securities does not need disclosure to investors under this Part if it is made under a compromise or arrangement under Part 5.1 approved at a meeting held as a result of an order under subsection 411(1) or (1A).

Deed of company arrangement
 (17A) An offer of securities does not need disclosure to investors under this Part if:
 (a) it is made to any or all of the company's creditors under a deed of company arrangement; and
 (b) it does not require the provision of consideration other than the release of the company from a debt or debts; and
 (c) before the offer was specified in the deed, the administrator gave as many creditors as reasonably practicable a statement:
 (i) that set out all relevant