Responsibility for supervision of IAS’s compliance with continuous disclosure lies with ASIC. IAS’s disclosure responsibilities are codified through a formal disclosure policy covering authority for disclosure approval, ‘awareness’ and ‘materiality’ of information or events, and the obligation to report these matters to the Compliance Officer. The policy details the disclosure process, including the required interactions with IAS’s disclosure contacts at ASIC. The policy specifically recognises the company’s obligation to respond to market speculation and avoid a false market in IAS’s securities.

The Chief Excecutive Officer has ultimate authority and responsibility for approving market disclosure, which in practice is exercised in consultation with the Company Secretary. The procedures are reviewed by internal audit and are reported directly to the Audit, Risk and Compliance Committee.

IAS considers its disclosed discussion of financial results falls within the scope outlined in the guidelines. This disclosure includes availability of materials on the IAS website and provision of all information necessary for investors to make informed decisions about an investment in IAS.

During the time between the end of the financial year or half year and the actual results release, International All Sports will not discuss financial performance, broker estimates and forecasts, and particularly any pre-result analysis, with stockbroking analysts, investors or the media, unless the information discussed has already been disclosed to the exchange.