Jewellery company Michael Hill International has decided to go ahead with listing its shares on the Australian Stock Exchange.

The company's announced it will list through a 'scheme of arrangement' which will see a new Australian parent company acquire all the shares through an exchange of shares on a one-for-one basis.

Most of the company's operations are already based in Brisbane including its headquarters and wholesale and manufacturing divisions.

The new company will have its primary listing on the ASX and will also maintain a listing on the NZX.

Chair Emma Hill said over time this will provide the company with direct access to a wider group of investors than they currently enjoy and believe it will benefit shareholders.

The change requires approval from shareholders, New Zealand's High Court, the ASX and the NZX.