Issued 24 August 2016
This 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.
This guide explains:
- the downstream acquisition exemption in item 14 of s611 (item 14)
- when we may grant relief
- the conditions that may apply to our relief, and
- how to apply for relief.
Note: From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal. For more information, see how you apply for relief.