The Panel today published the reasons for its decision on an application dated 23 April 2015 from Phosphate Australia Ltd in relation to its affairs.

The Panel has declined to conduct proceedings on an application dated 23 April 2015 from Phosphate Australia Limited in relation to its affairs.

The Panel made a declaration of unacceptable circumstances on 22 April 2015 in relation to an application dated 24 March 2015 by the Australian Securities and Investments Commission in relation to the affairs of Richfield International Limited.

The Panel has received an application from Phosphate Australia Ltd in relation to its affairs. Phosphate is currently the subject of an on-market takeover bid by Mercantile Investment Company Ltd.

The Panel has made a declaration of unacceptable circumstances in relation to an application dated 24 March 2015 by the Australian Securities and Investments Commission in relation to the affairs of Richfield International Limited.

The Panel has released an update of the index of its decisions.

The Panel is delighted to host the third Asia Pacific Takeovers Regulators Conference in Melbourne (25 to 27 March 2015). The conference involves over 30 participants from Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore and Thailand.

On Thursday 19 March 2015, amendments to the Australian Securities and Investments Commission Act 2001 (Cth) took effect.

The President of the Panel has made interim orders in response to an application for interim orders dated 24 March 2015 by the Australian Securities and Investments Commission in relation to the affairs of Richfield International Limited.

The Panel has received an application from the Australian Securities and Investments Commission in relation to the affairs of Richfield International Limited. The application concerns the substantial holder provisions and the acquisition of shares in Richfield in contravention of section 606 of the Corporations Act 2001 (Cth).