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RG 254 Offering securities under a disclosure document

regulatory guide – 254

Issued 7 April 2026

This guide is for issuers who are required to prepare and lodge a disclosure document under Ch 6D of the Corporations Act.

It helps issuers and their advisers understand our interpretation and administration of the procedural aspects of Ch 6D. It seeks to provide greater certainty regarding the obligations of all parties involved in the process of preparing a disclosure document, lodging a disclosure document and offering securities for issue or sale under a disclosure document.

The procedural focus of this guide is intended to complement our other guidance on the content of disclosure documents—in particular, Regulatory Guide 228 Prospectuses Effective disclosure for retail investors (RG 228).

Download RG 254 (PDF 991 KB)

See Consolidation of fundraising instruments and guidance for information about consolidation of previous guidance.