The Australian Securities and Investments Commission (ASIC) has issued the Corporations (Minimum Bid Price) Instrument 2026/101, effective March 25, 2026. This instrument, authorised under the Corporations Act 2001, establishes a minimum bid price requirement for certain corporate actions. The specific details of the minimum bid price and the circumstances under which it applies are outlined within the instrument.

This rule is likely to impact public companies and investors involved in corporate transactions requiring a bid price. Compliance officers should review the instrument to understand the new minimum bid price requirements and ensure that any relevant corporate actions adhere to these regulations. While no specific compliance deadline is mentioned beyond the effective date, adherence is expected from March 25, 2026.