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ASIC increased the limit to $30,000 in August 2019. The new...

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    ASIC increased the limit to $30,000 in August 2019.

    The new instrument will continue the effect of the previous instrument while increasing the participation limit (for each registered holder in a 12-month period) from $15,000 to $30,000.

    https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-233mr-asic-remakes-sunsetting-class-order-facilitating-the-offer-of-share-and-interest-purchase-plans/


    (iii) the issuer must be reasonably satisfied that, in any consecutive
    12-month period, the total application price of the shares or
    interests to be issued to, or for the benefit of, any beneficiary is not
    more than $30,000 (excluding shares or interests applied for by the
    custodian on behalf of a beneficiary but not issued);


    https://www.asic.gov.au/media/5253429/rg125-published-30-august-2019.pdf
 
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