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  Hey! Check out this news page: https://www.thebackgroundinvestigator.com/Articles/Australia-Prospectuses-To-Disclose-Relevant-Criminal-Convictions-/402/index.php.

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International News

Australia: Prospectuses To Disclose 'Relevant' Criminal Convictions

May 01, 2011 posted by Steve Brownstein

The Australian Securities and Investment Commission will require companies to disclose "relevant" criminal convictions in prospectuses under new guidelines just issued.

The measure is aimed at ensuring new investors know exactly where their money is going without a deluge of paper and legalise.

The inclusion of a criminal record for the first time is aimed obviously at crimes involving fraud or taking money as opposed to murder, which is arguably less bothersome from an investment perspective.

The draft proposals are aimed at ensuring investors can understand the risks and rewards in simple English.

If companies want to put more material in the prospectus, they are encouraged to direct readers to a web site to avoid overloading the prospectus.

Photos are discouraged until after the key financial metrics.