CP 62 Better experts' reports

Released 24 February 2005. Comments closed 27 April 2005.

We are reviewing our policy on experts. Experts’ reports are commissioned by a person (the client) under requirements of the Corporations Act 2001 (the Act) or voluntarily to provide investors with an independent professional assessment of a transaction.

The aims of this review are to:

  • address a continuing public perception that experts’ reports might not express a view sufficiently independent from the interests of the client;
  • promote higher quality experts’ reports that are clear, concise and effective;
  • update our experts policy to reflect current issues and legislative amendments—e.g. Corporate Law Economic Reform Program Act 1999—and court authority since our experts policies were released and last reviewed in the 1990s; and
  • consolidate our experts policy statements and practice notes.

We are also revisiting our experts policy in light of reforms to promote transparency and accountability addressing conflicts of interest under the Corporate Law Economic Reform Program (Audit Reform & Corporate Disclosure) Act 2004 (CLERP 9 Act).

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Last updated: 24/02/2005 12:00