Document ID: chunk:federal_register_of_legislation:F2015L01835:schedule:1:p3
Version: federal_register_of_legislation:F2015L01835
Segment Type: schedule
Provision Reference: sch 1 (pt 3/11)
Character Range: 6912–9915

premium paid by the responsible person or interposed vehicle for the option,
where the amount referred to in paragraph (a) or (b) is attributable to:
           (c) the product or investment option; or
           (d) an interposed vehicle through which the property attributable to the product or investment option is invested.
(3A) In subclause (3):
actual return means the return that has been or would be received (as applicable), or loss that would be payable, by the responsible entity, trustee or interposed vehicle in relation to the derivative financial product over the relevant financial year if the derivative financial product was:
           (a) acquired at the time the derivative financial product was acquired, or, if the derivative financial product was not acquired during the relevant financial year, acquired at the commencement of the relevant financial year for the same price at which it would have been disposed at the end of the preceding financial year; and
           (b) disposed of at the time the derivative financial product was disposed of, or, if the derivative financial product was not disposed of during the relevant financial year, disposed of at the end of the relevant financial year for the price at which it would have been disposed of at that time.
derivative financial product means a financial product that:
           (a) is:
              (i) a derivative; or
              (ii) either:
                  (A)        a security other than a share in a body or a debenture of a body; or
                  (B)        a managed investment product or financial product referred to in paragraph 764A(1)(ba) of the Act other than an interest in a managed investment scheme,
under which:
                  (C) financial products (delivery products) will be delivered or an amount paid at a specified time (maturity) in the future; and
                  (D) the value of the delivery products to be delivered at maturity or the amount to be paid is ultimately determined, derived from or varies by reference to the value or amount of one or more of the following (each, a reference asset):
                     (I) financial products other than the delivery products;
                     (II) an asset other than a financial product;
                     (III) a rate (including an interest rate or exchange rate);
                     (IV) an index;
                  provided that the reference asset is not related to the value of:
                     (V) a share in a body or debenture of a body to which the delivery products relate; or
                     (VI) the assets of the managed investment scheme to which the delivery products relate; or
                     (VII) the assets attributable to a class of interests in the managed investment scheme to which the delivery products relate; and
           (b) is not able to be traded on a financial market at the time it is acquired.
reference asset:
           (a) in relation to a derivative financial