In a recent speech, Chris Pearce, the Parliamentary Secretary to the Treasurer, identified 4 areas where the Government was supporting improved communication by companies with investors:
Simpler Regulatory System Bill: contains a proposal to allow companies to publish their annual reports online as the default option.
Corporate social responsibility: While not making it obligatory, the Government supported annual reports providing information about the company’s social and environmental activities.
Proposals in the Simpler Regulatory System Bill streamline fundraising.
Infringement notice scheme:To support continuous disclosure the Government is reviewing the operation of the infringement notice provisions in the Corporations Act.
The speech also refers to other current reviews of regulation.