Over 50 ASX Entities Face Reporting Deadlines to Avoid Delisting
The ASX has published its latest list of entities suspended from trading for over three months, outlining key deadlines for report lodgement and trading resumption plans. Failure to meet these deadlines risks removal from the official list.
- ASX lists entities suspended for more than three months
- Deadlines set for outstanding periodic report lodgement
- Two-year deadline for entities to resume trading plans
- Non-compliance may lead to removal from ASX official list
- ASX encourages quarterly disclosures from suspended entities
Overview of ASX Long-Term Suspensions
On 16 July 2025, the Australian Securities Exchange (ASX) released an updated list of entities that have been suspended from trading for more than three months. This comprehensive announcement details the outstanding periodic reports these companies have yet to lodge, alongside critical deadlines for compliance and plans to resume trading.
Reporting and Compliance Deadlines
The ASX requires suspended entities to submit overdue periodic reports, including preliminary final reports, full-year accounts, half-year accounts, and quarterly activity and cashflow reports. The exchange has set a one-year deadline for lodging the oldest outstanding report, typically falling around late August or September 2025 for many entities. Additionally, a two-year deadline is imposed for companies to execute their plans to resume trading to the ASX’s satisfaction.
Consequences of Non-Compliance
Entities failing to meet these deadlines face removal from the official ASX list, effectively delisting them from the exchange. This removal usually takes effect from the first trading day following the deadline. The ASX’s removal policy is outlined in Listing Rules Guidance Note 33, which also allows for limited extensions under exceptional circumstances. However, the published list does not reflect any such extensions, so investors should verify with recent company announcements.
Market Transparency and Disclosure Recommendations
To maintain market integrity and keep security holders informed, the ASX recommends that long-term suspended entities provide at least quarterly updates on their status and progress towards resuming trading. This transparency is crucial for investor confidence, especially given the regulatory scrutiny surrounding suspended companies.
Looking Ahead
Reinstatement of suspended securities is not automatic, even if the suspension was initially requested by the entity. The ASX must be satisfied that all issues leading to suspension have been resolved and that the entity complies fully with listing rules before trading can resume. Entities and investors alike will be closely watching developments as these deadlines approach, with potential market implications for companies that fail to meet their obligations.
Bottom Line?
With critical deadlines looming, the ASX’s latest suspension list signals a pivotal moment for many entities facing potential delisting.
Questions in the middle?
- Which suspended entities are most at risk of removal from the ASX list?
- How many companies have secured extensions beyond the published deadlines?
- What strategies are suspended entities employing to meet reinstatement requirements?
