Recent Blogs

Under recent amendments to the Corporations Act 2001 (Cth), listed entities are required to provide the ASX (or relevant market operator) a notice detailing the Jobkeeper payments they (or their subsidiaries) have received in a financial year. This Jobkeeper notice must be provided even where information about Jobkeeper payments were included in the entity’s accounts. […]

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The Australian Government last week made major changes to the foreign investment review regime which are due to come into effect on 1 January 2021. The most significant changes include the new concept of ‘national security business’ and ‘national security land’. These concepts will be defined via regulation which we expect to see shortly. All […]

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In an effort to reduce monetary and time costs for issuers, the Australian Securities and Investments Commission (ASIC) has recently announced regulatory relief in respect of voluntary escrow arrangements and pre-IPO communications to assist companies undertaking an initial public offering of their securities (IPO), effective from 27 August 2020. Voluntary Escrow Arrangements ASIC Corporations (Amendment) […]

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In our blog on 31 March 2020, we discussed the temporary measures introduced by the Australian Government which apply during the COVID-19 pandemic – including that the threshold amount which determines whether particular foreign investments are subject to official review has been reduced to $0. With effect from 4 September 2020, the foreign investment regulations […]

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In our blog on 11 June 2020, we summarised the proposed transformative changes to Australia’s foreign investment rules as announced by the Australian Treasurer. On 31 July 2020, the Australian Government released the draft legislation for that reform package and announced the commencement of a 4-week public consultation period on the proposed reforms. To coincide […]

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In our blog on 31 March 2020, we discussed the temporary measures introduced by the Australian Government which apply during the COVID-19 pandemic, and alluded to possible permanent reforms to Australia’s foreign investment framework. On 5 June 2020, the Australian Treasurer announced a 21 point reform package to change how foreign investment proposals are assessed […]

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In our blog on 2 April 2020, we discussed the waivers introduced by the ASX and ASIC on 31 March to provide temporary relief measures to allow listed entities affected by the COVID-19 pandemic to raise urgent capital. On 22 April 2020, the ASX, in consultation with ASIC, released amendments to these temporary relief measures […]

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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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