Regulatory Alerts2026-06-04 | RG-071RG 71 Downstream acquisitions
The Australian Securities and Investments Commission issued this guide to assist companies, listed managed investment schemes, investors, and advisers involved in downstream acquisitions. It explains the downstream acquisition exemption under item 14 of section 611 of the Corporations Act and clarifies when ASIC may grant relief for potential breaches of section 606. The document outlines the conditions applicable to such relief and provides instructions on how to apply, noting that applications must be submitted through the ASIC Regulatory Portal from 27 July 2020.
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