Regulatory Alerts2026-04-07 | RG-189RG 189 Disclosure relief for rights issues
The Australian Securities and Investments Commission issued Regulatory Guide 189 to guide listed companies and managed investment schemes on disclosure exemptions for rights issues under the Corporations Act 2001. The guide explains how ASIC Corporations (Non-Traditional Rights Issues) Instrument 2026/98 modifies these exemptions to cover non-traditional rights issues like accelerated rights issues, while providing technical relief for foreign holders, stapled securities, and rounding of entitlements. It also details modifications to on-sale provisions and advises entities relying on the exemption to consult this guide for an explanation of the applied relief.
Issued 17 March 2016
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 2026/98 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.
Download RG 189 (PDF 501 KB)
See Consolidation of fundraising instruments and guidance for information about consolidation of previous guidance.