Treasury has released a short scoping paper on policy issues raised by the Australian Securities and Investments Commission (ASIC) regarding takeovers law.

ASIC has highlighted the areas of creeping acquisitions, the use and disclosure of equity derivatives, clarity of takeover proposals, the issue of association of shareholders and the impact of new media as areas which may need to be addressed.

Treasury will undertake consultation with stakeholders to discuss ASIC’s concerns before providing advice to the Government on policy responses.