RG 71
Downstream acquisitions
Issued 24 August 2016This guide is for companies, listed managed investment schemes, investors and their advisers who are involved in, or affected by, downstream acquisitions. In some circumstances, a downstream acquisition may breach s606 of the Corporations Act 2001.
In plain English
RG 71 explains downstream acquisitions and how they might affect compliance with the Corporations Act.
RG 71 applies to companies, listed managed investment schemes, investors, and their advisors. It addresses downstream acquisitions, which can sometimes breach section 606 of the Corporations Act 2001. This guide was issued on 24 August 2016.
Why it matters
If your company acquires shares in another company, understand RG 71. It helps ensure your acquisition complies with the Corporations Act, avoiding potential legal issues.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-71-downstream-acquisitions/. Rules Mate indexes + summarises; always verify against the regulator's live publication.