Queensland Subordinate Legislation as Made

QUEEN'S WHARF BRISBANE REGULATION 2016 - REG 11

11 Exemption from requirements about convertible securities

A person (an
"exempt person" ) is exempt from the requirement to comply with section 22 of the Act in relation to convertible securities in a relevant entity if—

(a) the exempt person is a body corporate; and

(b) the exempt person does not have a relevant interest in any convertible securities in the relevant entity; and

(c) another person (a
"non-exempt person" ) who is an associate of the exempt person—

(i) is a body corporate; and

(ii) has a relevant interest in convertible securities in the relevant entity; and

(iii) has obtained the required approval under section 22 of the Act; and

(d) the non-exempt person is an associate of the exempt person only because the non-exempt person—

(i) controls the exempt person; or

(ii) is controlled by another entity that controls the exempt person.