The Australian Securities and Investments Commission - Australian Stock Exchange - Computershare Agreement
Date 29/05/1999
The Australian Securities and Investments Commission (ASIC), Australian Stock Exchange Limited (ASX) and Computershare Limited on May 28 agreed that ASX would consult ASIC before making any decisions relating to the listing of Computershare on ASX. This agreement will last for as long as Computershare and ASX have alternative proposals relating to the Sydney Futures Exchange. The agreement was reached after all parties recognised the potential difficulties of ASX and Computershare having rival proposals and at the same time ASX supervising Computershare's listing on ASX.
ASIC, ASX and Computershare wanted to avoid the possibility of this circumstance creating a conflict in relation to the proper supervision of the listing of Computershare on ASX.
The three bodies recognise that in these unusual circumstances it is important that the possibility of conflict is eliminated as far as possible.
To achieve this objective, ASX, Computershare and ASIC want ASX to consult with ASIC before making any decisions in relation to the proper supervision of Computershare's listing on ASX.