General Listing Requirements

  • 50 security holders or more in the primary class of securities being listed
  • 25% of issued capital held in the hands of the public (non-director hands)
  • Have at least two years audited accounts on a consolidated basis. If you do not meet this, discuss possible alternative suitability for this requirement with NSX
  • Market capitalisation of listed securities should be at least AUD $500,000
  • No minimum capital raising
  • Appointment of a Nominated Adviser from our list of Nominated Advisers
  • A CHESS connected share registry service - more on Settlement and CHESS
  • NSX compatible constitution

Refer to the Listing Rules for the full requirements for listing, method of application, a sample constitution and other supporting documents.

NSX offers the choice of four main listing routes:

Capital Raising Listing
 

  • A prospectus must be lodged with ASIC. The regulated disclosure document provides investors with detailed information to make an informed investment decision.
  • Offers the minimum number of restrictions for a listed company as there are no capital raising limits and investors can be made up of both retail and wholesale investors.

Direct Entry
– not raising capital

  • No prospectus is required.
  • You are currently an unlisted (public or soon to be public) company, seeking admission to the NSXA Official List.
  • You cannot raise any capital three months either side of the listing application.

Compliance Listing
– not raising capital

  • No prospectus is required.
  • You must be already listed on a recognised stock exchange seeking to transfer your listing to NSX.
  • You cannot raise any capital three months either side of the listing application.
  • You may be looking to spin-off via a demerger from or reorganisation of a listed entity, with securities in the new entity to be distributed in-specie to the existing listed entity shareholders.
  • NSXA has a Fast-Track Compliance Listing service for Issuers wishing to move from another Australian exchange.
  • Fast-Track requires no new significant documents by the Issuer and offers a significant discount on application fees.

Special Listing Conditions
 

  • You are looking to list securities or apply in a way that is a variation of the paths above.
  • Contact us to consult with us before you apply so that we can understand your requirements and discuss the next steps.
Refer to our Admissions Guide for further information on the listing paths described here.