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Companies Update
19 January 2004
Update no 01/04

Important information for ASX Listed Entities

Exposure Draft - Proposed ASX Listing Rule Amendments - Capital Raising Mechanisms in a Disclosure-Based Market 

In October 2003, ASX issued an Exposure Draft outlining proposals to amend certain aspects of Chapter 7, with a view to maximising flexibility in the structuring of capital raising mechanisms for ASX listed entities. The original schedule envisaged that the amendments would take effect on 30 January 2004.

Since October, ASX has conducted seminars around Australia discussing the proposals and receiving feedback from a wide range of stakeholders, including the receipt of more than 60 written submissions. While the overall response has been very positive, ASX expects some of the rule amendments to differ from the form originally proposed as a result of this process. 

ASX expects the effective date for the proposed Listing Rules will be the end of March 2004, before which time it will announce the final amendments. 

Copies of the Exposure Draft are available here

Financial Reporting - Introduction of IAS/IFRS

Australian International Financial Reporting Standards (AIFRS) are likely to be adopted for financial year 2005 and it is important that companies commence preparations for these standards now. ASX has prepared some guidelines to assist you in continuing to meet your continuous disclosure obligations as they relate to these standards and their introduction. Adoption of IAS/IFRS - Continuous Disclosure obligations of listed entities (PDF 38KB)

CEO Information Exchange Business Forum

PricewaterhouseCoopers (PWC) has designed a Business Forum for Chief Executive Officers that aims to challenge the role and behaviour of the CEO and to focus on core business issues that they are currently facing. ASX supports the Forum. More information, including on-line registration, is available here.

To help keep our Listed Entities informed of information and events ASX will be sending emails to the Company Secretary's Office from time to time. You are receiving this email because you have been identified as a key contact within the Company Secretary's Office at your organisation. If you would like to update your email address please do so via the Directors/Senior Management page on ASX Online for Companies. Feel free to forward this email to any relevant parties within your organisation.