The Australian Securities and Investments Commission (ASIC) has issued the Corporations (Unsolicited Offers—Foreign Bids) Instrument 2026/103, which amends the Corporations Act 2001. This new instrument, effective March 26, 2026, specifically addresses unsolicited offers related to foreign bids for Australian companies, likely imposing new disclosure or conduct requirements on entities making such offers.

Regulated entities, particularly those involved in foreign takeovers or making unsolicited offers to Australian investors, must review this instrument to understand any new obligations. Compliance officers should verify that their processes align with the requirements of the Corporations Act 2001 as modified by this instrument, paying close attention to any specific conditions or prohibitions related to unsolicited foreign bids.