ASIC has approved the Federal Government's move towards a single economic market between Australia and New Zealand.
Last week, the Australian and New Zealand Governments announced a Mutual Recognition of Securities Offerings (MRSO) that would allow investors in each country to use only one prospectus in the purchase of securities and investment products.
The MRSO will be overseen by ASIC and the New Zealand Securities Commission.
"We have worked closely together to ensure the new regime maintains the existing protections for investors while reducing the capital-raising and compliance costs for issuers," ASIC deputy chair Jeremy Cooper said.
Both agencies have published a guide for the providers of shares, debentures and managed investment schemes.
Laws will still apply under MRSO with respect to the ban of door-to-door selling and hawking of products in both countries.
