Regulatory Alerts2024-03-26 | RG-006RG 6 Takeovers: Exceptions to the general prohibition
The Australian Securities and Investments Commission issued this guide to assist listed and unlisted entities, investors, and advisers in relying on exceptions to the general prohibition in section 606 of the Corporations Act 2001. It explains the administration of these exceptions and details how the regulator may exercise discretionary powers, including modifying their operation or granting exemptions. The document serves as a reference for navigating transactions, acquisitions, or corporate actions that fall under these specific regulatory carve-outs.
Issued 27 March 2024
This guide is for listed and unlisted entities, investors and their advisers seeking to rely on certain exceptions to the general prohibition in s606 of the Corporations Act 2001 (Corporations Act) in connection with a transaction, acquisition or corporate action.
It explains how we administer the exceptions and how we may exercise our discretionary powers in relation to the exceptions—including modifying their operation and granting exemptions where appropriate.
Download the guide (PDF 734 KB)
See Cross-references to June 2013 takeover regulatory guidance for information about consolidation of previous guidance.