Closely associated persons, matters prescribed for (Act s. 5.62)
20 Closely associated persons, matters prescribed for (Act s. 5.62)
In subregulation (2) —
client or adviser means a person who supplies, or receives, legal or financial professional services.
A person who, within the previous 12 months, was a client or adviser of a relevant person is a person of a class of persons prescribed for the purposes of section 5.62(1)(ca).
The amount prescribed for the purposes of section 5.62(1)(d)(ii)(I) is $10 000.
The percentage prescribed for the purposes of section 5.62(1)(d)(ii)(II) is 1%.
The prescribed manner of calculating the value of shares for the purposes of the definition of value in section 5.62(2) is —
the closing share price of the shares on the Australian Stock Exchange Limited on the last trading day of the financial year; or
the nominal value of the share, if the share was not listed on the Australian Stock Exchange Limited on the last trading day of the financial year.
[Regulation 20 inserted: Gazette 31 Mar 2005 p. 1039-40; amended: Gazette 19 Aug 2005 p. 3873; 4 Mar 2016 p. 650.]
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