Permanant changes to disclosure rules challenged by Labor and shareholder activists

Treasurer Josh Frydenerg is being challenged over his plans to make permanent changes to continous disclosure rules for companies listed on the Australian stock exchange. 

The overhaul would formalise temporary changes introduced during at the height of the COVID recession to shield company directors from personal liability and class actions.

But ABC's Peter Ryan says opponents claims the changes erode the disclosure regime when shareholders not more information - not less.