The capital raising, as foreshadowed in the Australian Financial Review last week and co-ordinated by Lazard, «is expected to offer investors
tradeable units in a «shareholder fund» that is floated on the Australian stock exchange, while continuing to allow only dairy farmers who supply milk to remain full shareholders in the unlisted Murray Goulburn co-operative,» the Australian reported on its web site.
For purposes of this section, the term «cap and trade program» means a system of greenhouse gas regulation under which a State or political subdivision issues a limited number of tradable instruments in the nature of emission allowances and requires that sources within its jurisdiction surrender such
tradeable instruments for each
unit of greenhouse gases emitted during a compliance period.