The Panel has received an application from Skin Elements Limited (Skin Elements) in relation to its affairs. The application concerns an alleged association in the context of upcoming board spill meetings.

Details of the application, as submitted by the applicant, are below.

A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

The Panel has declined to conduct proceedings on an application dated 12 May 2026 from Diamond Infraco 1 Pty Ltd, a wholly owned subsidiary of IFM Global Infrastructure Fund (the Applicant), in relation to the affairs of Atlas Arteria Limited and Atlas Arteria International Limited (together, Atlas Arteria). Atlas Arteria is currently the subject of an off‑market takeover bid by the Applicant (Offer) (see TP26/28).

The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 6 May 2026 from Atlas Arteria Limited and Atlas Arteria International Limited (together, Atlas Arteria) in relation its affairs (see TP26/25 and TP26/27).

The Panel has made a declaration of unacceptable circumstances (Annexure A) and final orders (Annexure B) in relation to an application dated 7 April 2026 by Andrew John Barlow, as director of Venturian Pty Ltd ATF Maverick Innovation Trust (Applicant) in relation to the affairs of Mobile Asset Holdings Ltd (Mobile Asset) (see TP26/014).

The Panel has received an application from Diamond Infraco 1 Pty Ltd, a wholly owned subsidiary of IFM Global Infrastructure Fund (the Applicant) in relation to the affairs of Atlas Arteria Limited and Atlas Arteria International Limited (together, Atlas Arteria). Atlas Arteria is currently the subject of an off-market takeover bid by the Applicant to acquire 100% of the stapled securities in Atlas Arteria which it does not already own (the Offer).

Details of the application, as submitted by the Applicant, are below.

The Panel refers to the application dated 6 May 2026 from Atlas Arteria Limited and Atlas Arteria International Limited (together, Atlas Arteria) in relation to the affairs of Atlas Arteria (see TP26/025).

The Panel has considered the interim order request by Atlas Arteria that, pending the final determination of the Panel proceedings, Diamond Infraco 1 Pty Ltd be restrained from despatching its Bidder’s Statement in its current form.

The Panel has decided not to make that interim order.

The Panel has been served with an application dated 6 May 2026 for judicial review of the review Panel’s decisions in Humm Group Limited 02R & 03R to vary the declaration of unacceptable circumstances made by the initial Panel in Humm Group Limited (see TP26/021) and to set aside the orders made by the initial Panel and substitute new orders (see TP26/023).

The Panel has received an application from Atlas Arteria Limited (ATLAX) and Atlas Arteria International Limited (ATLIX) (together, Atlas Arteria) in relation to its affairs. The application concerns an off-market takeover bid by Diamond Infraco 1 Pty Ltd (Bidder), a wholly owned subsidiary of IFM Global Infrastructure Fund, to acquire 100% of the stapled securities in Atlas Arteria which it does not already own (the Offer).

Details of the application, as submitted by the applicant, are below.

The Panel today released the results of its latest stakeholder survey conducted by JWS Research¹ in late 2025, which once again showed high levels of stakeholder satisfaction across a range of indicators.

Nearly four in five stakeholders (78%) are satisfied with the Panel as an organisation overall.

In addition, 80% of stakeholders are satisfied with the Panel’s effectiveness with proceedings, with most of the individual elements of this metric exceeding 80%.

The review Panel has set aside the orders made by the initial Panel in Humm Group Limited (see TP26/017 and TP26/019) and made new orders.