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ARTICLE · 29 JUNE 2016

Forward-looking statements for mining and resources companies - new ASIC guidelines

Colin Biggers & Paisley
Explore more from Colin Biggers & Paisley

ASIC INFO 214 provides stakeholders with a better understanding of existing rules concerning forward-looking statements.

AustraliaFinance and Banking
Brent Van Staden
Brent Van Staden
Andrew Komesaroff
Andrew Komesaroff
Yehuda Orelowitz
Yehuda Orelowitz

In brief - Future statements must be based on reasonable grounds

The Australian Securities and Investments Commission (ASIC) has released an Information Statement (214) to provide stakeholders with a better understanding of existing rules concerning forward-looking statements.

In the light of this new Information Statement, entitled " Mining and resources - Forward-looking statements", resource companies should take care when publishing forward-looking statements and distinguish them from aspirational statements, as those that fail to comply with the legal requirements face legal and reputational risks.

Mining and resources industry participants critical of new guidelines

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