This report was produced by the Corporations and Markets Advisory Committee. View further information about the Committee and it's other publications.
The Prospectus Law Reform Sub-Committee (the "Sub-Committee") was established as a Sub-Committee of the Companies and Securities Advisory Committee ("CASAC" or "the Advisory Committee") in July 1991.
Objective of the Sub-Committee's Review
The objective of the Sub-Committee was to review the prospectus provisions of the Corporations Law and to recommend any reforms in respect of those provisions which would facilitate the efficient preparation of prospectuses without compromising the information needs of investors. The ultimate purpose of the review was to determine the problems that existed in the Corporations Law system and recommend possible solutions to the Federal Attorney-General.