1ASIC Corporations (Foreign Rights Issues) Instrument 2025/611

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ASIC Corporations (Foreign Rights Issues) Instrument 2025/611

I, Amanda Zeller, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 19 September 2025

Amanda Zeller

Contents

Part 1—Preliminary 3

1 Name of legislative instrument....................................3

2 Commencement...............................................3

3 Authority....................................................3

4 Definitions...................................................3

Part 2—Exemption 6

5 Disclosure relief for rights issues of foreign securities.................6

Part 3—Repeal 7

6 Repeal.......................................................7

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Foreign Rights Issues) Instrument 2025/611.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subsection 741(1) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

approved foreign market has the meaning given by section 9 of the Act.

Note: The definition of approved foreign market is notionally inserted by ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669.

Australian offeree means an offeree who receives an offer of securities under a pro-rata offer or shortfall offer in this jurisdiction.

Australian resident, in relation to a pro-rata offer or shortfall offer of a foreign company, means:

(a) a beneficial owner of securities in the offer class whose address:

(i) as included in publicly available reports of beneficial ownership that have been given to:

(A) an agency of a government or other body that performs regulatory functions under the laws of:

(I) the place of origin of the foreign company; or

(II) the jurisdiction of an approved foreign market on which the securities in the offer class are quoted; or

(B) a market operator of an approved foreign market on which the securities in the offer class are quoted; or