ASIC Corporations (Offers of Convertibles) Instrument 2016/83 (Cth)
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ASIC Corporations (Offers of Convertibles) Instrument 2016/83
I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.
Date 9 March 2016
Grant Moodie
Contents
Part 1—Preliminary
1 Name of legislative instrument
2 Commencement
3 Authority
4 Definitions
Part 2—Declaration
4 Securities that are convertible into continuously quoted securities
5 Definition of "underlying securities"
Part 1—Preliminary
1 Name of legislative instrument
This instrument is ASIC Corporations (Offers of Convertibles) Instrument 2016/83.
2 Commencement
This instrument commences on the day after it is registered on the Federal Register of Legislation.
Note: The register may be accessed at www.legislation.gov.au.
3 Authority
This instrument is made under section 741 of the Corporations Act 2001.
4 Definitions
In this instrument:
Act means the Corporations Act 2001.
Part 2—Declaration
4 Securities that are convertible into continuously quoted securities
Chapter 6D of the Act applies to all persons as if section 713 were modified or varied as follows:
(a) after paragraph (1)(a) insert:
"(aa) convertible or converting notes or convertible or converting preference shares of a body that are convertible or may convert into continuously quoted securities of the body; or";
(b) after paragraph (2)(c) insert:
"(ca) if the securities are convertible or converting notes or convertible or converting preference shares—the rights and liabilities attaching to:
(i) the convertible or converting securities themselves; and
(ii) the underlying securities; and.".
5 Definition of "underlying securities"
Chapter 6D of the Act applies to all persons as if the definition of underlying securities in section 9 of the Act were modified or varied by, after paragraph (a), inserting:
"(aa) in relation to convertible or converting notes or convertible or converting preference shares—those securities into which the convertible or converting securities may be converted; and".
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