CORPORATIONS ACT 2001 - SECT 1100ZD Regulatory relief for certain subsequent sale offers of ESS interests

CORPORATIONS ACT 2001 - SECT 1100ZD

    The provisions of Part   6D.2, 6D.3 and 7.9 do not apply in relation to an offer of ESS interests in a body corporate or registered scheme for sale if:

  (a)   the body corporate or scheme operates an employee share scheme; and

  (b)   the person making the offer reasonably believes that:

  (i)   the person acquired the interests under the employee share scheme; and

  (ii)   the person is making the offer only to persons who are ESS participants in relation to the body corporate or registered scheme.