ASIC has issued Consultation Paper 103, Review of share purchase plan threshold.

The consultation paper invites comment on proposals to increase the monetary limit for share purchase plan disclosure relief from the current $5,000 in any consecutive 12 month period to $15,000 and to make it a condition of the relief that a cleansing notice be lodged with the Australian Securities Exchange.

ASIC also proposes to extend the terms of the relief for the issue of interests in an ASX listed managed investment scheme under an interest purchase plan.

ASIC invites comments on the proposals by 13 February 2009.