Commonwealth Numbered Regulations

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MEDIBANK PRIVATE SALE (INTERESTS IN SHARES) REGULATION 2014 (SLI NO 128 OF 2014) - REG 6

Settlement process

             (1)  An interest in a share in a Medibank Private company is an interest of a prescribed kind if the interest in the share is transferred from the Commonwealth before 11.00 pm (by legal time in the Australian Capital Territory) on the earliest day (the transfer day ) on which shares are transferred or instalment receipts are issued for a Medibank Private sale scheme.

             (2)  A person who holds such an interest is prescribed.

             (3)  Subsections (1) and (2) cease to have effect in relation to the interest in the share, and the person, at 11.00 pm (by legal time in the Australian Capital Territory) on the transfer day.



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