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Financial Services Reform Act, 2001

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Summary

Under the act it presents new ethical disclosure requirements. Issuers of financial products are obliged to disclose the extent to which "labor standards or environmental, social or ethical considerations are taken into account in the selection, retention or realization of an investment".

Issuer

Australia

Year

2001

Region

Oceania

Issuer (type)

Department of the Treasury (Government)

Instrument type

Act

Disclosure instrument

Yes

Geographical scope

National

Mandatory or voluntary

Mandatory

Text analysis

    • High 0.99%
    • Low 0.02%
    • S focus: systemic risk, compensation
    • G focus: audit, financial report, risk management, accountability
    • Administrative services, Finance, Information, Management, Professional services, Retail trade, Wholesale trade