Corporate governance - Handling corporate information
The continuous disclosure obligations in the Corporations Act 2001 are fundamental to maintaining the integrity of the market by ensuring transparency and equal access to information.
Listed companies must disclose material price sensitive information on a timely basis and comply with listing rules of the relevant market.
ASIC can issue infringement notices for breaches of these obligations.
Handling of confidential information
Listed companies must take responsibility for the management of their confidential information. Poor practices in relation to the handling of confidential price sensitive information can negatively affect market integrity, reputation, jeopardise the success of a transaction and may lead to ASIC action.