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Article 3: Mutual Recognition Principle


Full Text of the Agreement between the Government of Australia and the Government of New Zealand in Relation to Mutual Recognition of Securities Offerings

The Government of Australia and the Government of New Zealand
[ Last Updated 27 February 2006 ]


The basic principle that underpins the Scheme is that an offer of securities which is a regulated offer in one country and can lawfully be made in that country can lawfully be made in the other country, in the same manner and with the same offer documents, provided that:

  1. the entry requirements for the Scheme are satisfied; and
  2. the offeror complies with the ongoing requirements of the Scheme.

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