Archives for October 2015

2012 Events

Our lawyers frequently speak on topics of interest within our areas of practice.   The following is a list of events that we have spoken at in 2012: [Read more…]

The 20/12 Rule and anti-avoidance provisions

Chapter 6D of the Corporations Act 2001 (Cth)(Act) contains what is widely referred to as the “fundraising provisions” which regulate how capital can be raised in Australia without issuing a formal disclosure document.

The general rule is that companies that raise more than A$2Million are required to issue a disclosure document.  In particular, an offer requires a disclosure document if the result is that securities are issued to more than 20 people in a 12 month period, and that more than $2 million is raised. This is known as the “20/12 rule”. [Read more…]

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