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Get Asic Form 280
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How to fill out the Asic Form 280 online
Filling out the Asic Form 280 online is a straightforward process that allows companies to notify the Australian Securities and Investments Commission about share buy-back details. This guide will provide clear steps to assist you in completing the form accurately.
Follow the steps to effectively complete the Asic Form 280.
- Click ‘Get Form’ button to obtain the form and access it in your preferred editor.
- Provide company details, including the company name and the Australian Company Number (ACN) or Australian Business Number (ABN). Ensure that these details are accurate and up to date.
- Fill in the lodgement details, specifying who ASIC should contact if there are any queries regarding this form. Include the firm or organization's name, the contact person, their position description, ASIC registered agent number (if applicable), telephone number, and postal address.
- Indicate the type of share buy-back by ticking the appropriate box. The options include employee share scheme buy-back, on-market buy-back, equal access scheme buy-back (both within and over the 10/12 limit), and selective buy-back.
- Enter the relevant date for the buy-back. This date is essential and will vary depending on whether the buy-back is conditional on a resolution.
- Attach required documents as specified in the form. Depending on the type of buy-back, this may include shareholder approval if the 10/12 limit is exceeded, documents relating to the buy-back, and terms of the offer.
- Certify the information provided in the form as true and correct. Ensure that this section is signed by a director or secretary of the company.
- Finally, save your changes, download, print, or share the completed form as necessary. Make sure that all signatures are completed before lodging the form.
Complete your documents online now to ensure timely submission.
Related links form
A minimum holding buy-back is a buy-back of all holdings less than a marketable parcel (currently set at $500 for ASX-listed companies: see Procedure 2.1, ASX Market Rules). This addresses the risk that the company would actually be left with an increased number of small shareholders following the buy-back.
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