Jurisdiction - Australia
Australia – Treasury Scoping Paper – Takeovers Issues.

29 October, 2012


On 5 October 2012, Treasury released a Scoping Paper regarding policy issues raised by ASIC in relation to takeovers law. ASIC has highlighted a number of areas where takeovers law may require “modernising” to make it more responsive to market developments, including in the areas of:
  • creeping acquisitions;
  • use and disclosure of equity derivatives;
  • clarity of takeover proposals that do not trigger the requirement to make offers within two months;
  • association; and
  • the impact of new media.
It is intended that the scoping paper will provide a basis for a series of roundtable discussions with business, legal and market participants to discuss ASIC’s concerns. A more comprehensive paper will follow.


For further information, please contact:

David Ryan, Partner, Ashurst

Ashurst Corporate/M&A Practice Profile in Australia


Homegrown Corporate/M&A Law Firms in Australia


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