Part 3Disclosure of offers of financial products
Application
43Options over financial products
For the purposes of this Part and Schedule 1,—
- an offer of an option to acquire, by way of issue, a financial product is an offer both of the option and of the underlying financial product; and
- the grant of an option without an offer of the option is an offer of the option; and
- an offer to grant an option is an offer to issue the option.
See clause 11 of Schedule 1 for an exclusion in relation to options.


