More Kiwi firms may be lured to ASX

A PUSH by Australia's stock exchange to get NZ companies to list is reaping rewards with 41 now featuring on the ASX.

A TWO-YEAR push by Australia's stock exchange to entice Kiwi companies to list across the ditch is paying off and the trend is likely to accelerate following a reduction in compliance costs.

ASX listing rule amendments allow Kiwi companies listed on the NZX main board to be recognised as foreign exempt entities, which means they save costs by not having to submit a prospectus.