Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 5   Rationalisation of ending ASIC instruments

Part 1   Acquisitions of relevant interests in voting shares

Corporations Act 2001

9   After subsection 609(9A)

Insert:

Securities escrowed under listing rules

(9B) A listed company does not have a relevant interest in securities merely because:

(a) those securities are restricted securities within the meaning of the listing rules of a prescribed financial market; and

(b) the company applies restrictions, in accordance with those rules, on the disposal of the securities by their holder.

(9C) The operator of a prescribed financial market does not have a relevant interest in securities merely because:

(a) those securities are restricted securities within the meaning of the listing rules of that market; and

(b) the operator has the power under those rules to control the exercise of a power to dispose of the securities.