Regulatory Guide 247 on operating and financial review (OFR), 2013

Australia Current 2013

Introduced by the Australia Securities and Investment Commission (ASIC) in March 2013, the guide addresses the requirements of s 299(1) of the 2001 Corporation Act for listed companies to include relevant information in their directors’ report for shareholders to make an informed assessment of the organization. The aim of the guide is to increase the effective disclosure of OFRs, and it mirrors the Disclosure on Management Approach requirements in GRI’s Framework. It promotes better communication of relevant and meaningful information to investors, and aims to assist directors in understanding and complying with the OFR disclosure requirements.



Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Listed entities and their directors

Issuer type

Financial Regulators

Type of instrument

Code of conduct or guideline

Mandatory or voluntary


The geographical scope


Project Partners