Federal Register of Legislation - Australian Government

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This instrument exempts directors of public companies from complying with subsection 205G(1) of the Corporations Act 2001 where the relevant listed company has made equivalent disclosure to ASX Limited in compliance with ASX Listing Rule 3.19A.
Administered by: Treasury
Registered 23 Sep 2016
Tabling HistoryDate
Tabled HR10-Oct-2016
Tabled Senate10-Oct-2016
Table of contents.

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ASIC Corporations (Disclosure of Directors’ Interests) Instrument 2016/881

I, Grant Moodie, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date                19 September 2016

 

Grant Moodie

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Disclosure of Directors’ Interests) Instrument 2016/881.

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 subsection 205G(6) of the Corporations Act 2001.

4        Definitions

In this instrument:

Act means the Corporations Act 2001.

ASX Listing Rules means the listing rules, as in force from time to time,  of the financial market operated by ASX Limited.


Part 2—Exemption

5        Disclosure of directors’ interests

A director of a public company which is listed on the financial market operated by ASX Limited does not have to comply with subsection 205G(1) of the Act if the director reasonably believes that the company has complied with rule 3.19A of the ASX Listing Rules in relation to the director.