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ARTICLE · 26 FEBRUARY 2021

Temporary changes to continuous disclosure regime in Australia are here to stay

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

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"Continuous disclosure" refers to the requirement to inform the market about material information affecting the company.

AustraliaFinance and Banking

The federal government has announced that temporary changes to continuous disclosure obligations imposed on listed companies under the Corporations Act 2001 (Cth) (Corporations Act) will become permanent. The temporary changes were introduced in May 2020 as part of the government's response to the COVID-19 crisis, directed at assisting companies and directors during the pandemic.

"Continuous disclosure" refers to the legal requirement of a company to immediately inform the market about material information affecting the company, whether this information is positive or negative.

What are the legislative changes?

Pre-COVID-19 disclosure regime

To understand the impact of the legislative changes, it is useful at the outset to understand the pre-COVID-19 disclosure regime in Australia.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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