Who should read this?
CFOs, company secretaries, and general counsels for listed resource companies.
What are the changes?
The ASX Listing Rules have advised changes to reporting requirements that may affect you in the new financial year.
In addition to the existing rules in Chapter 5, companies that explore for or mine oil and gas are now required to report as follows:
- Reporting of initial and material changes to petroleum resources: will apply to all reports of initial and material changes to petroleum resources issued on or after 1 July 2022 (pursuant to new Listing Rules 5.25 – 5.36); and
- Reporting of petroleum resources in an entity’s annual report: will apply to an entity’s annual report for the first full financial year commencing on or after 1 July 2022 (pursuant to new Listing Rules 5.37 – 5.40)
This alert was written by GRT Lawyers, Dana Heriot (Solicitor).