Making Continuous Disclosure Work – Outcomes v. Enforcement

JASSA, Spring 2002

15 Pages Posted: 3 Oct 2012

Date Written: October 2, 2012

Abstract

The current co-regulatory model for supervising Australia’s public companies is working well. The proposal that ASIC be given the power to issue fines for failures of listed entities to comply with the continuous disclosure requirements is unlikely to make a material contribution to improving disclosure in the market. Rather than “bracing” one leg of a two legged stool perhaps we’d be better served by creating a third leg. A new Disclosure Division established as a division of the successful Takeovers Panel would be better able to enforce and promote the continuous disclosure regime.

Keywords: disclosure, corporations act, ASIC, Australia

Suggested Citation

Lumsden, Andrew J., Making Continuous Disclosure Work – Outcomes v. Enforcement (October 2, 2012). JASSA, Spring 2002, Available at SSRN: https://ssrn.com/abstract=2156034

Andrew J. Lumsden (Contact Author)

Corrs Chambers Westgarth ( email )

Governor Phillip Tower
1 Farrer Place
Sydney NSW 2000
Australia

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