Australian government drafts legal changes simplifying vanilla retail issuance
- Friday, 11 January 2013
The Australian Commonwealth government released an exposure draft of amendments to the Corporations Act on January 11, designed to streamline the offering process for "simple" corporate bonds. As expected the draft proposes a two-part prospectus regime and changes to personal liability rules for company directors, while leaving much of the detail of the prospectus setup to regulators.
