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Content Type:
Media Release
03 May 2012
At a time when the international economy is focused on increasing business productivity, the Australian government has again prioritised conformance over performance by over-regulating the majority of directors to target the few engaged in fraudulent phoenix company activity.
In a submission to ...
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Content Type:
General
03 May 2012
Today’s High Court decision overturning a NSW Court of Appeal finding relating to seven directors of James Hardie Industries reminds all directors and boards of their duty to act with care and diligence, as well as the risks involved.
Continuous disclosure remains an extremely difficult area for...
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Content Type:
Policy Submission
02 May 2012
This submission to the Business Tax Division of the Treasury is regarding the Tax Laws Amendment (2012 Measures No. 2) Bill 2012.
The Australian Institute of Company Directors has significant reservations about the Bill. The Bill proposes to extend the personal liability of directors to...
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Content Type:
Media Release
27 Apr 2012
The Australian Institute of Company Directors welcomed draft Federal Government legislation making the governance of superannuation funds more transparent, but said more reform was needed.
These reforms should include giving industry superannuation funds the ability to replace employer and union...
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Content Type:
Policy Submission
11 Apr 2012
This submission, lodged with the Senate Economics Legislation Committee, is regarding the Corporations Amendment (Phoenixing and Other Measures) Bill 2012. The Bill gives ASIC powers to wind up companies if particular conditions are met, allows for the publication of external administration notices ...
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Content Type:
The Boardroom Report
04 Apr 2012
Directors say no to a budget surplus at all costs, Related party transactions on ASIC's radar, Plugging the gaps in new workplace laws, The keys to success of the world's most admired companies, New ASX check on directors
Directors say no to a budget surplus at all costs
Australia's directo...
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Content Type:
Policy Submission
16 Mar 2012
This submission is in response to the Australian Government’s independent review of its regulatory impact assessment (RIA) process, announced by the Department of Finance and Deregulation on 13 December 2011.
The Australian Institute of Company Directors is interested to ensure that the...
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Content Type:
Policy Submission
15 Mar 2012
Our recent policy submissions span the not-for-profit (NFP) sector, anti-phoenix legislation and dividend payments.
What underpins the rationale for our policy team making submissions in relation to each of these issues is how they affect our members.
Australian Cha...
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Content Type:
Policy Submission
29 Feb 2012
This submission to Treasury is in response to the Exposure Draft of the Corporations Amendment (Similar Names) Bill 2012.
The purpose of the Bill is to prevent operators of phoenix companies from exploiting the concept of limited liability by setting up new companies for the p...
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Content Type:
Policy Submission
27 Jan 2012
This submission to Treasury is in response to the draft Corporations Amendment Regulations relating to litigation funding.
We remain of the view that funded class actions brought against corporations and directors often due to their size and scale can impose costs on the public in the form of hi...
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Content Type:
Policy Submission
24 Jan 2012
This submission to Treasury is in response to the exposure draft of the Corporations Amendment (Phoenixing and Other Measures) Bill 2012.
While we support effective efforts to reduce fraudulent phoenix activity, we are eager to ensure that measures adopted to curtail the activ...
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Content Type:
Policy Submission
13 Jan 2012
This submission relates to the exposure draft of the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012. This Bill is the second tranche of legislation implementing the Government’s MySuper and governance reforms as part of Stronger Super. In particular, th...
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Content Type:
Policy Submission
22 Dec 2011
This submission is in response to the discussion paper issued by the Australian Prudential Regulation Authority (APRA) in relation to prudential standards for superannuation. The submission relates to APRA’s proposed prudential standards and associated guidance material regarding governance-related ...
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Content Type:
The Boardroom Report
14 Dec 2011
Regulation distracts directors from growth, Government orders inquiry into AGMs, Twelve tips to get fit for 2012, Reserve Bank board shake-up, ASX reduces listings adviser locations
Regulation distracts directors from growth
Increased regulatory scrutiny is distracting directors fro...
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Content Type:
Policy Submission
21 Nov 2011
Following stakeholder consultation by the COAG Business Regulation and Competition Working Group (BRCWG), we re-submitted our April submission on a Future COAG Regulatory Reform Agenda.
The submission aimed to re-highlight our views as to appropriate options for COAG reform priorities goin...
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Content Type:
The Boardroom Report
16 Nov 2011
Director pessimism grows, Australia urged not to squander its good fortune, Proposed Bill proves not so super, Weathering tough times, ASIC finalises guide on prospectuses,
Director pessimism grows
Over the past six months directors have become more pessimistic about current economic...
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Content Type:
CDM Article
01 Aug 2011
Rosanne Bell explains why doing business with ASIC’s registry in 2013 will be very different for directors and managers of smaller business than it is today.
One of the priorities of the Australian Securities and Investments Commission (ASIC) is to deliver business registration and licensi...
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Content Type:
Policy Submission
12 May 2011
This submission is in response to the Australian Securities and Investments Commission's Consultation Paper, 'Disclosing financial information other than in accordance with accounting standards', released on 24 March 2011.
The submission expresses our concerns about developing these guideli...
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Content Type:
Media Release
06 May 2011
Abstract:
Australia’s company directors have identified skilled labour shortages as the primary economic challenge facing Australian business in the coming 12 months and predict that wages, inflation and interest rates will rise, according to the findings of a new biannual survey of directors. ...
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Content Type:
Media Release
08 Mar 2011
Abstract:
Legislated quotas are not the way forward in improving the representation of women on Australian boards.
New requirements introduced by the ASX Corporate Governance Council, and programs introduced by the Australian Institute of Company Directors and other business groups to encoura...