1ASIC Corporations (Unsolicited Offers—Foreign Bids) Instrument 2026/103

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ASIC Corporations (Unsolicited Offers—Foreign Bids) Instrument 2026/103

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—Exemption 6

7 Unsolicited offers under a foreign takeover bid or foreign compromise or arrangement 6

Part 3—Repeal 7

8 Repeal.......................................................7

Schedule 1—Repeals 8

ASIC Corporations (Unsolicited Offers—Foreign Bids) Instrument 2015/10708

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Unsolicited Offers—Foreign Bids) Instrument 2026/103.

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 1020F(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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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

Division 5A of Part 7.9 of the Act regulates unsolicited offers to purchase financial products. These offers generally require an offer document which includes, among other things, the market value of the financial product.

This instrument provides an exemption for unsolicited offers of securities that are made under foreign takeover bids or foreign compromises or arrangements regulated in certain foreign jurisdictions.

6 Definitions