Examples of Shareholder Application in a sentence
Example 4 – Shareholder ApplicationAn investor applies by way of Shareholder Application for a Series of CitiFirst Instalment MINIs issued over XYZ shares.
If you make a Shareholder Application or a Rollover Application then UBS will deduct the Borrow Fee from your Shareholder Cashback or include that amount in the calculation of your Rollover Surplus / Rollover Payment (as applicable).
Please refer to Section 4 “Tax Considerations” for further details.For Holders using the Shareholder Application (“Cash Extraction strategy”), the Interest Amount may be able to be claimed as a deduction only where the funds are used to generate income, for example, to buy other securities that pay dividends.
If you make a Cash Application, Shareholder Application or Rollover Application then the following fees may apply.
If you are a Retail Investor:• The Adviser Group Fee will be collected from you at the same time as the Purchase Price when you make a Cash Application.• If you make a Shareholder Application or Rollover Application then UBS will collect the Adviser Group Fee from you separately and will not deduct that amount from your Shareholder Cashback or include that amount in the calculation of your Rollover Surplus or Rollover Payment.
This Cashback Amount must be applied by the Shareholder Applicant wholly for the purpose of producing assessable income and the Shareholder Application Form includes a declaration for National Credit Code purposes confirming that the Loan will be applied wholly or predominantly for business or investment purposes (other than investment in residential property).
The Cashback Amount will be paid to you or applied as you direct: ` to use wholly or predominantly for business or investment purposes (and not for personal, domestic or private purposes such as household purposes or to purchase, renovate or improve residential property for investment purposes); or ` if you elect, to acquire further Instalment Warrants in the same or another Series as those specified in your Shareholder Application.
Investment Details You may use the Application Form to make a Cash Application, Rollover Application and/or Shareholder Application.
Those who elect to pay by cheque, money order or bank draft must follow the instructions described in the Shareholder Application Form or, if relevant, Non-Shareholder Application Form.
This is an express exception to the borrowing restriction contained in section 67(1) of SIS.However, the Regulators stated in the 16 December 2002 announcement that they have formed the view that an investment in instalment warrants by superannuation entities via a Shareholder Application is generally not appropriate as it is likely to contravene SIS Regulation 13.14 which prohibits trustees from giving a charge over assets of a fund.