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Print The Senate economic reference committee has criticised the Government’s bill on continuous disclosure requirements and recommended it does not get passed, saying the Government’s proposals would be “foolish and dangerous”.  In a summary of evidence submitted to the Senate for the Treasury Laws Amendment (2021 Measures No.1) Bill, the committee stated it was against Schedule 2 of the Bill being passed.   This sought to make temporary measures for the requirements, which were introduced during the pandemic, a permanent law. They were intended to include the permanent introduction of a “fault element” to prevent directors from “opportunistic” class actions while ensuring the market was kept informed of material information. 

Senate for the treasury laws amendmentTreasury laws amendmentகருவூலம் சட்டங்கள் திருத்தம்