Commonwealth Numbered Regulations

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MEDIBANK PRIVATE SALE (INTERESTS IN SHARES) REGULATION 2014 (SLI NO 128 OF 2014) - REG 4

Definitions

                   In this regulation:

"Act" means the Medibank Private Sale Act 2006.

"instalment receipt" means a security issued by a sale-scheme trustee that confers a beneficial interest in a share in a Medibank Private company.

"interest" in a share has the meaning given by item 38 of Schedule 2 to the Act.

"lead manager" means a person who, by agreement with the Commonwealth, facilitates the settlement of an allocation of shares or interests in shares in a Medibank Private company, including by undertaking to ensure that:

                     (a)  the Commonwealth does not fail to receive payment for a share or interest of that kind; or

                     (b)  a person entitled to receive a share or interest of that kind does not fail to receive the share or interest.

"sale-scheme trustee" means a company to which the Commonwealth has transferred interests in its shares in a Medibank Private company in the company's capacity as the trustee of a trust established by a trust deed as part of a Medibank Private sale scheme.

   



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