On 13 January 2023, the Federal Court of Australia handed down a AU$450,000 fine to Australian Mines Limited (AML) for breaching its continuous disclosure obligations on three occasions. Federal Court justice, Craig Colvin, noted that AML had breached disclosure laws on matters of considerable significance to its affairs and on matters that were of major importance for its shareholders. This comes as a timely reminder, to companies and managing directors alike, of the importance of complying with continuous disclosure obligations.
