Tracing Beneficial Shareholdings in Listed Companies — ASIC Changes

Beneficial shareholding information obtained by ASIC in response to tracing notices will now be passed on to the relevant company under a recent change in ASIC’s practice. This change will increase the amount of this type of information available because under the Corporations Act listed companies are required to include such information in a publicly accessible register.

This change also affects listed managed investment schemes and their responsible entities.

Other significant aspects of the change in practice include the following:

• The change in practice will not operate retrospectively, that is, ASIC will not release beneficial holding information which it obtained before 5 September 2005 (the date of the change in practice).