Recent Blogs

On 31 March 2020, the ASX released a Compliance Update to support and provide relief to ASX listed entities and investors during the COVID-19 pandemic. This relief package provides flexibility to the Listing Rules to allow companies to deal with urgent financial needs. Temporary emergency capital raising relief The ASX recognises that as the COVID-19 […]

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As part of its response to COVID-19, the Australian Securities and Investments Commission (ASIC) has announced some temporary relief measures that will improve the ability of listed companies to urgently raise capital. Listed companies will be able to undertake ‘low doc’ capital raisings (including through placements, rights offers and share purchase plans) even if they […]

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On Sunday 29th March 2020, the Australian Treasurer, Josh Frydenberg announced temporary changes to the Foreign Investment rules, including that: the threshold amount which determines whether particular foreign investments are subject to official review has been reduced to $0.; the statutory timeframe for reviewing each application is extended from 30 days to 6 months after […]

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The steep sell-off of shares amid the COVID-19 crisis is challenging the survival toolkit of a number of listed companies. But for a stock market that many believe was inflated, a significant hit presents significant buying opportunities for investors, traders and listed companies themselves! Why conduct a buy-back now? In such situations where share prices […]

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In response to the impact COVID-19 may have on a company’s ability to hold upcoming AGMs, ASIC issued media release 20-068MR on 20 March 2020 containing guidelines for companies seeking to meet AGM requirements. The takeaways from the release are outlined in this blog. Postponement  Companies with a financial year end of 31 December 2019 […]

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The recent re-election of the Morrison Government in Australia will ensure Australia remains open for business and welcoming of foreign investment. The current low growth environment which left the Reserve Bank to reduce official interest rates to record lows will be weighing heavily on the Government as it seeks to maintain its projected budget surplus […]

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On 27 February 2019, the ASX Corporate Governance Council (CGC) released the Fourth Edition of its Corporate Governance Principles and Recommendations (CGPR) following extensive industry-wide consultation.  A full copy of the Fourth Edition of the CGPR can be found here. WHEN DOES THE FOURTH EDITION APPLY? The Fourth Edition of the CGPR will apply to […]

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A New Look NSX

Capital Markets

Over recent months, we have been receiving feedback from companies (and their advisors) in the small cap space (<$50M market cap) that they are either finding it increasingly challenging to list on larger exchanges (such as the ASX) or alternatively, for listed companies, that they are finding it challenging to maintain their listing (whether due […]

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In October 2018, changes were made to Australia’s crowd-sourced funding (CSF) laws in order to open up new capital raising opportunities for small private companies. We are shining a spotlight on CSF, as start-ups in particular may wish to consider this as an alternative way to secure funding. Click here to read more.

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The Australian Securities Exchange (ASX) has issued a consultation paper setting out proposed major amendments to its listing rules and guidance notes in order to “simplify, clarify, and enhance the integrity and efficiency of, the ASX listing rules”. The consultation paper was released on 28 November 2018, and can be accessed here. As the paper’s […]

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