Securities (except debentures and managed investment products) held by 100 or more persons
(1) Securities (except debentures or managed investment products) in a class of securities of a body are ED securities if: (a) a disclosure document in relation to securities in that class has been lodged with ASIC under Chapter 6D; and (b) securities in that class have been issued pursuant to the disclosure document; and (c) after an issue of securities in that class pursuant to the disclosure document, 100 or more persons held securities in that class; and (d) securities in that class have been held by 100 or more persons at all times since the issue of securities referred to in paragraph (c). (2) Securities (except debentures and managed investment products) in a class of securities of a body are ED securities if securities in that class have been issued under a recognised offer and the offeror’s records indicate that 100 or more people who reside in this jurisdiction have held securities in that class (whether or not as a result of the recognised offer) at all times since the issue. (3) Securities (except debentures) in a class of securities of a CCIV are ED securities if 100 or more people hold securities in that class as a result of offers that gave rise to obligations to give Product Disclosure Statements (whether or not all in the same terms) under Chapter 7 (as that Chapter applies to those securities under Division 4 of Part 8B.7).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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