RMBS Auction Update

5 February 2016

On 5 November 2015, the AOFM announced that no RMBS auctions would take place prior to February 2016.

Under the Treasurer’s Direction of 5 May 2015 the AOFM is able to exercise discretion not to proceed with RMBS sales if it judges that an acceptable price cannot be achieved. In this regard the AOFM has determined that RMBS auctions will continue to be suspended until further notice.

The AOFM undertakes to provide no less than two weeks’ notice prior to recommencing auctions.

The AOFM will not provide specific guidance on what it deems to be acceptable pricing levels in making its deliberations regarding the recommencement of RMBS auctions.

Questions on the AOFM’s RMBS divestment process can be submitted to rmbsquestions@aofm.gov.au and it is the AOFM’s intention to publish both questions and answers on its website.

Last updated: 5 February 2016