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30.04

If an issuer does not meet the eligibility criteria above it is eligible for a listing of guaranteed debt securities if:
 
(a)    it is a body corporate that is validly incorporated or established; and
 
(b)    it is wholly owned by a body corporate that meets the eligibility criteria above; and
 
(c)    its owner guarantees its obligations; and
 
(d)    it and its owner agree to comply with the GEM Listing Rules.