ASIC Corporations (Minimum Subscription and Quotation Conditions) Instrument 2016/70 (Cth)

ASIC Corporations (Minimum Subscription and Quotation Conditions) Instrument 2016/70 I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 9 March 2016

Grant Moodie

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Declaration 5 Minimum subscription and quotation condition

Part 1—Preliminary

1 Name of legislative instrument This instrument is ASIC Corporations (Minimum Subscription and Quotation Conditions) Instrument 2016/70.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under section 741 of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001.

Part 2—Declaration

5 Minimum subscription and quotation condition Chapter 6D of the Act applies to all persons as if the following provisions were modified or varied: (a) after subsection 723(2) insert: "(2A) If: (a) a disclosure document, or a refresh document within the meaning of subsection 724(3H), for an offer of securities is or was subject to a condition of a kind mentioned in subsection (2); and (b) one or more supplementary or replacement documents (an updating document) or one or more refresh documents (an updating document) are lodged within 4 months after the date of the disclosure document or the refresh document; then, for the purposes of that subsection and despite subsections 719(4) and (5), a person that applies for securities under the updating document is taken to have applied for the securities under the disclosure document or the refresh document being supplemented or replaced."; (b) after subsection 723(3) insert: "(3A) If: (a) a disclosure document, or a refresh document within the meaning of subsection 724(3H), for an offer of securities is or was subject to a condition of a kind mentioned in subsection (3); and (b) one or more supplementary or replacement documents (an updating document) or one or more refresh documents (an updating document) are lodged within 3 months after the date of the disclosure document or the refresh document; then, for the purposes of that subsection and despite subsections 719(4) and (5), a person that applies for securities under the updating document is taken to have applied for the securities under the disclosure document or the refresh document being supplemented or replaced.";