Panel recommends changes to the Takeovers Code

Panel recommends changes to the Takeovers Code

3 April 2017

The Takeovers Panel has recommended to the Minister of Commerce & Consumer Affairs, the Hon Jacqui Dean, that a number of amendments be made to the Takeovers Code.

The purpose of the amendments is to raise the threshold at which companies are required to comply with the Code, to improve the efficiency of the Code, and to improve disclosures to shareholders of Code companies. Raising the threshold means that companies with less than $30 million of total assets and with less than $15 million of revenue would no longer be subject to the Code.

The Panel’s recommendations are available on the Panel's website.

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