This paper covers:
- Pre-IPO/demerger restructures - the availability of corporate reconstruction relief and the potential for clawback, including what constitutes a "public float"
- The two most common methods of effecting a public float, the IPO of an existing vehicle or a "SaleCo" structure
- The ways in which landholder duty can be triggered on an IPO or demerger, including the ability for the Commissioner to aggregate interests and the conversion from a private entity to a public entity.