New ASIC Regulatory Portal

On 27 July 2020, the ASIC Regulatory Portal will replace the current submission channels as the primary method for submission of applications for relief and for lodging fundraising and corporate finance documents with ASIC.

These applications and documents will be submitted through the portal using online forms known as transactions.

Applications to be submitted in this way include an application for a no action letter, for an ASIC approval and for an extension of time to hold an AGM. Fundraising and corporate finance documents to be lodged in this way include fundraising disclosure documents, takeover documents and shareholder meeting materials – related party transactions or acquisition approvals.

Using the portal will make it easier to provide all the information that ASIC requires online and upfront, to track the status of and to correspond with ASIC about submitted transactions, to make online payments and other benefits.

ASIC is also updating the OFFERlist database of database of all disclosure documents for fundraising offers lodged with ASIC under Chapter 6D of the Corporations Act 2001 (the Act) and for some disclosure documents required to be lodged under Part 7.9 of the Act. Its name will change to “Offer Notice Board”.

For further information, including on how to register on the portal, please see:

Changes to how you apply for relief
Changes to how you lodge fundraising and corporate finance documents

The above news items are provided as general information in summary form of legislation and are not intended as legal advice.

Please contact us at McGuinnLegal if you would like further information or need specific advice in relation to any of these matters.