I found this in response to the matter Hoyland and Max were discussing in relation to director dealings.
BENITEC BIOPHARMA LIMITED SHARE TRADING POLICY June 2007
9. Exercise of employee rights or options A committee comprising of two of the Chairman, CEO or Company Secretary may allow the exercise of an option or right under any employees’ share scheme, or the conversion of a convertible security, where the final date for the exercise of such option or right, or conversion of such security, falls during any prohibited period and the director could not reasonably have been expected to exercise it at an earlier time when he/she was free to deal.
