Continuous disclosure is derived from the disclosure principle that states that GPFR (general-purpose financial reports) provided by any reporting entities shall disclose any information relevant to the assessment of financial position and performance, financing and investing activities regarding an entity, including the information about compliance. The business’s financial statement should also provide its users with enough information to make sound decisions regarding the business by reporting reliable, comparable, material and relevant information. Continuous disclosure is also an act imposed by The Corporate Law Reform to apply to superannuation funds and requires any business to disclose any information immediately if the information affects the share price. Moreover it is also a requirement that comes under the Australian Stock Exchange. Continuous disclosure also requires any reporting entity to provide a more comprehensive report such as to include details of interest expenses and revenue, extraordinary items and for listed companies, earning per-share in half yearly reports. It aims at keeping the users of the information of an entity up to date and also to prevent any misconduct by any entity. It also requires an entity to report any ‘material’ changes or development to its users of information.

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