ASIC today released changes to Class Order [CO 09/425], which provides prospectus and product disclosure statement relief for share and interest purchase plans.

Under the changes, investors holding shares through structures such as investor-directed portfolio services and superannuation master trusts, or who hold shares through structures involving two or more levels of custodians, will now be able to participate in share purchase plans.

Changes have also been made to our relief so that investors who pay for their shares via an electronic payment facility will no longer be required to return a physical application form.

Finally, changes have been made to Class Order [CO 05/26] to facilitate the operation of interest purchase plans undertaken by listed managed investment schemes.

Regulatory Guide 125 Share purchase plans has been updated to reflect the changes to Class Order [CO 09/425].

Download:

• Class Order [CO 10/105] Variation of Class Orders [CO 05/26] and [CO 09/425]
• Class Order[CO 09/425] Share and interest purchase plans
• Class Order [CO 05/26] Constitutional provisions about the consideration to acquire interests
• Regulatory Guide 125 Share purchase plans

or call the ASIC Infoline on 1300 300 630.