Capital Markets

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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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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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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