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Heads Up — ASIC Regulatory Guide 247 'Effective disclosure in an operating and financial review'

Published on: 11 Apr 2013

On 27 March 2013, the Australian Securities and Investments Commission (ASIC) released Regulatory Guide 247 Effective disclosure in an operating and financial review (RG 247) to provide guidance on preparing an operating and financial review (OFR) in the directors’ report of a listed entity.

An OFR is a key part of annual reporting by listed entities. It must set out information that shareholders or unit holders would reasonably require to make an informed assessment of an entity’s operations, financial position, and business strategies and prospects for future financial years.

This Accounting alert (Heads up) from Deloitte (Australia) provides an overview of these developments.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.