AUSTRALIA STORIES

ASIC sticks to its guns

Forward-looking statements must be based on "reasonable grounds"

Stavely MD Chris Cairns said the ASIC update was still ambiguous

Stavely MD Chris Cairns said the ASIC update was still ambiguous

ASIC maintained that forward-looking statements needed to be based on “reasonable grounds” as had always been required under law. It said the updated INFO 214 incorporated some “minor drafting changes”...

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