Regulatory Alerts2007-06-26 | RG-086RG 86 Tracing beneficial ownership
The Australian Securities and Investments Commission issued this guide to explain how it exercises powers under the beneficial ownership tracing provisions of the Corporations Act 2001. It outlines the regulator's approach to requests for beneficial ownership details, the conditions for granting relief from disclosure directions, and the procedures for handling registers of such information. The document also details ASIC's enforcement approach regarding directions issued under Part 6C.2 and notes that relief applications must be submitted via the ASIC Regulatory Portal.
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