Section 1696 — Corporations Act 2001 (Cth)

Employee share schemes—recognised foreign markets

(1) If, immediately after the commencement of this section, there is no legislative instrument in force under subsection 1100K(2), then an approved foreign market, within the meaning of the ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669, is taken to be a foreign market determined by ASIC for the purposes of that section.

(2) This section ceases to apply when ASIC determines a foreign market under subsection 1100K(2).

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.

Related sections

s 1694G — Application of amendments made by Division 2 of Part 1 of Schedule 4 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023
s 1694H — Application of amendments made by Division 16 of Part 1 of Schedule 4 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023
s 1694J — Transitional—Reference Checking and Information Sharing Protocol
s 1697 — Application of amendment to obligation to make product dashboard publicly available
s 1698 — Definitions
s 1698A — Translation of references in instruments

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