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ASIC clarifies position on forward-looking statements

THE Australian Securities and Investments Commission has reissued its controversial information sheet on forward-looking statements in the mining sector with little change.

Kristie Batten
ASIC clarifies position on forward-looking statements

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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