ASIC Act Amendment Will Improve Panel Efficiency
On Thursday 19 March 2015, amendments to the Australian Securities and Investments Commission Act 2001 (Cth) took effect.
Panel Hosts Third Asia Pacific Takeovers Regulators Conference
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.
Richfield International Limited – Panel Receives Application
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).
Richfield International Limited – President Makes Interim Orders
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.
Panel Publishes Consultation Paper - Draft Revised Guidance Note 2 on Reviewing Decisions
The Takeovers Panel today released a Consultation Paper seeking public comment in relation to a draft revised Guidance Note 2 on Reviewing Decisions.
Panel Publishes Consultation Paper - Draft Revised Guidance Note 4 on Remedies General
The Takeovers Panel today released a Consultation Paper seeking public comment in relation to a draft revised Guidance Note 4 on Remedies General.
KBL Mining Limited
Introduction
- The Panel, Peter Day (sitting President), Lee Dewhirst and Michelle Jablko, declined to conduct proceedings on an application by KBL Mining Limited in relation to its affairs. The application concerned contraventions of the substantial holder provisions following a sale of KBL Mining shares and the effect on control of KBL Mining.
KBL Mining Limited - Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 9 January 2015 from KBL Mining Limited in relation to its affairs.
KBL Mining Limited - Panel Declines to Conduct Proceedings
Following the release of further information to the market, the Panel has declined to conduct proceedings on an application dated 9 January 2015 from KBL Mining Limited in relation to its affairs.
Careers Australia Group Limited 03R
Introduction
- The President of the Panel, Vickki McFadden, declined to consent to a review application being made in response to the initial Panel declining to conduct proceedings in Careers Australia Group Limited 03 [2015] ATP 1.
- In these reasons, the following definitions apply.
- Applicants
- Jiggi Investments Pty Ltd ATF Company Executive Superannuation Fund, Wayburn Holdings Pty Ltd, Vernon and Jillaine Wills ATF the Wills Family Super Fund, Vernon Wills and Jillai