Changes To ASX Listing Admission Requirements–Effective 19 December 2016

Australian Securities Exchange (ASX) has introduced a number of changes to the listing admission requirements in the ASX Listing Rules which impose higher standards on entities seeking admission to the official list of ASX.

Key changes

The key changes to the admission requirements are:

• For entities seeking admission under the profit test, increase of minimum consolidated profit threshold from AU$400,000 to AU$500,000. 
• For entities seeking admission under the asset test:
  
  
  • increase of minimum net tangible asset (NTA) threshold from AU$3 million to AU$4 million;
  • increase of minimum market capitalisation threshold from AU$10 million to AU$15 million;
  • new standardised requirement to hold working capital of AU$1.5 million; and