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Independent Advisers

Guidance|Published Apr 7, 2026

Introduction

The purpose of this Guidance Note is to assist those who are approved as independent advisers by the Panel to prepare a report under any of rules 18, 21, 22, or 57 of the Takeovers Code…

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Exemptions

Guidance|Published Apr 7, 2026

The Panel’s exemption power

This Guidance Note provides information about the Panel’s exemption power and provides guidance as to when exemptions might be granted. A number of examples have been…

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Upstream Acquisitions

Guidance|Published Apr 7, 2026

Introduction

An upstream acquisition is a transaction (whether in New Zealand or overseas) that may indirectly affect control of a Code company.[1]  Where an upstream company (an Upstream Company…

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Control and Association

Guidance|Published Apr 7, 2026

Introduction

This Guidance Note sets out the Panel’s approach to control and association, which are key concepts for the operation of the Takeovers Code (the Code), including from an anti-avoidance…

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Featured Newsletter

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April 2026 - Issue 59

In this issue:

  • - Updates to Guidance Notes
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