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ASIC Corporations (Amendment) Instrument 2020/290

Authoritative Version
  • - F2020L00376
  • No longer in force
Other as made
This instrument amends ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 as if the permissible total trading suspension days specified in paragraph 7(a)(ii) were 10 days instead of 5 days.
Administered by: Treasury
Registered 01 Apr 2020
Tabling HistoryDate
Tabled HR08-Apr-2020
Tabled Senate08-Apr-2020
Date of repeal 01 Sep 2020
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Amendment) Instrument 2020/290

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

 

Date    31 March 2020

 

 

 

 

 

Grant Moodie

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Amendment) Instrument 2020/290.

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 subsections 741(1) and 1020F(1) of Corporations Act 2001.

4        Schedules

Each instrument that is specified in the Schedule to this instrument is amended as set out in the applicable items in the Schedule.

 

Schedule 1—Amendments

ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

1        Section 7

In subparagraph (a)(ii) after “5 days”, insert “(or any greater total number of days specified in section 11 for the purposes of this subparagraph)”.

2        Part 3

At the end of the Part, add the following section:

11      Alternative greater total number of suspension days permitted

(1)     For the purposes of subparagraph 7(a)(ii), the total number of days is 10.

(2)     This section applies in relation to an offer of shares or interests for issue in a class which are quoted on the financial market operated by ASX in relation to which trading in the class was not suspended for more than 5 days during the period commencing on the day that is 12 months before the day on which the offer is made and ending on 19 March 2020.