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CORPORATIONS AMENDMENT (REMUNERATION DISCLOSURES) REGULATION 2016 (F2016L00514) - SCHEDULE 1

   

Corporations Regulations 2001

1  Subregulation 2M.3.03(1) (table item 14, column headed "Condition (if any)")

Omit "issuing entity", substitute "disclosing entity or any of its subsidiaries".

2  Subregulation 2M.3.03(1) (table items 17, 18 and 19)

Repeal the items, substitute:

17

For an option or right over equity instruments:

(a) issued or issuable by the disclosing entity or any of its subsidiaries; and

(b) held, whether directly, indirectly or beneficially, by any of the following:

(i) each key management person;

(ii) a close member of the family of that person;

(iii) an entity over which the person or the family member has, either directly or indirectly, control, joint control or significant influence

The number of each of the following:

(a) options and rights held at the start of the reporting period;

(b) options and rights granted during the reporting period as compensation;

(c) options and rights exercised during the reporting period;

(d) options and rights resulting from any other change during the reporting period;

(e) options and rights held at the end of the reporting period;

(f) options and rights vested at the end of the reporting period;

(g) options and rights vested and exercisable at the end of the reporting period;

(h) options and rights vested and unexercisable at the end of the reporting period

18

For an equity instrument (other than an option or a right):

(a) issued or issuable by the disclosing entity or any of its subsidiaries; and

(b) held, whether directly, indirectly or beneficially, by any of the following:

(i) each key management person;

(ii) a close member of the family of that person;

(iii) an entity over which the person or the family member has, either directly or indirectly, control, joint control or significant influence

The number of each of the following:

(a) equity instrument s held at the start of the reporting period;

(b) equity instrument s granted during the reporting period as compensation;

(c) equity instrument s received during the reporting period on the exercise of an option or right;

(d) equity instrument s resulting from any other change during the reporting period;

(e) equity instrument s held at the end of the reporting period;

(f) equity instrument s if included in the number disclosed under paragraph (e), held nominally at the end of the reporting period

19

For a transaction (other than share-based payment compensation) that:

(a) involves an equity instrument issued or issuable by the disclosing entity or any of its subsidiaries; and

(b) has occurred, during the reporting period, between the disclosing entity or any of its subsidiaries and any of the following:

(i) a key management person;

(ii) a close member of the family of that person;

(iii) an entity over which the person or the family member has, either directly or indirectly, control, joint control or significant influence;

if the terms or conditions of the transaction were more favourable than those that it is reasonable to expect the entity would adopt if dealing at arms-length with an unrelated person

(a) The nature of each different type of transaction

(b) For each transaction, the terms and conditions of the transaction

3  Subregulation 2M.3.03(3)

Omit "15 and 16", substitute "15 to 19".

4  Subparagraph 2M.3.03(3)(b)(i)

Repeal the subparagraph, substitute:

                              (i)  the name of the disclosing entity or the relevant subsidiary that issued the equity instrument; and

5  Subregulation 2M.3.03(3A)

Repeal the subregulation, substitute:

          (3A)  For items 20 and 21 of the table in subregulation (1), loans do not include loans involved in transactions that are in substance options, including non-recourse loans.

6  Paragraphs 2M.3.03(3B)(a) and (b)

Omit "; or", substitute "; and".

7  Chapter 10

Insert in its appropriate numerical position:

Part 10.23 -- Application provisions relating to the Corporations Amendment (Remuneration Disclosures) Regulation 2016

   

10.23.01   Application--remuneration disclosures

                   The amendments made by items 1 to 6 of Schedule 1 to the Corporations Amendment (Remuneration Disclosures) Regulation 2016 apply in relation to financial years ending on or after the day that instrument commences.



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