Panel Publishes Revised Guidance Note 14 – Funding arrangements

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The Takeovers Panel today published a revised version of Guidance Note 14 - Funding arrangements.

On 6 October 2015, the Panel issued a consultation paper in relation to proposed changes to Guidance Note 14. The Panel received 3 submissions in response. All supported the proposed change to address the recent decision of the Federal Court in ASIC v Mariner Corporation and clarify the policy basis for the guidance note.

The revised Guidance Note is available on the Panel's website.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500

1 Australian Securities and Investments Commission v Mariner Corporation Limited [2015] FCA 589.