1ASIC Corporations (Takeovers—Accelerated Rights Issues) Instrument 2026/102

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ASIC Corporations (Takeovers—Accelerated Rights Issues) Instrument 2026/102

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

Date 23 March 2026

Amanda Zeller

Contents

Part 1—Preliminary 3

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

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

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

4 Schedules....................................................3

5 Simplified outline of this instrument...............................3

6 Definitions...................................................3

Part 2—Declaration 4

7 Takeovers relief for accelerated rights issues.........................4

Part 3—Repeal 6

8 Repeal.......................................................6

Schedule 1—Repeals 7

ASIC Corporations (Takeovers—Accelerated Rights Issues) Instrument 2015/1069 7

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Takeovers—Accelerated Rights Issues) Instrument 2026/102.

2 Commencement

This instrument commences on the later of:

(a) the day after it is registered on the Federal Register of Legislation; and

(b) 1 April 2026.

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

3 Authority

This instrument is made under subsection 655A(1) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5 Simplified outline of this instrument

The Act contains a general prohibition on acquisitions of certain relevant interests in voting shares. It also contains a number of specific exceptions to the general prohibition, including for acquisitions resulting from issues of securities under certain rights issues.

This instrument modifies the Act to provide an additional exception for issues of securities under certain accelerated rights issues.

6 Definitions