The Australian Securities and Investments Commission said it is consulting on proposals to enhance corporate transparency by increasing investor visibility of who ultimately owns or controls entities listed on ASX (ASX:ASX), according to a Tuesday statement by the regulator.
The regulator said the proposals aim to enable more accurate due diligence for prospective acquisitions and improve market conditions for investment decisions.
The proposals would also increase visibility when investors seek greater influence over listed companies by building positions through securities or derivatives.
The proposals follow reforms under Schedule one of the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025, which form part of the government's plan to improve corporate transparency, market efficiency, and regulatory oversight, ASIC said.
Key features of the reforms include expanding the scope of ownership disclosure, aligning requirements for foreign entities, introducing clearer reporting triggers and flexibility, improving transparency, and strengthening enforcement, the statement added.
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