This is a guide for listed companies and managed investment schemes (and their advisers) about rights issues and the disclosure exemption in s708AA and 1012DAA of the Corporations Act 2001 (Corporations Act).
This guide explains how ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 modifies the disclosure exemption so that it extends to certain non-traditional rights issues, such as accelerated rights issues. The instrument also gives technical relief for foreign holders, stapled securities and rounding of entitlements. It also modifies the on-sale provisions in s708A and 1012DA.
Entities planning to rely on the disclosure exemption for any rights issue should refer to this guide for an explanation of how our relief modifies the provisions.
Note: From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal. For more information, see how you apply for relief.
See Consolidation of fundraising instruments and guidance for information about consolidation of previous guidance.
Our topic index can help you find regulatory documents and class orders.
