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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:
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:
Policy Submission
30 Mar 2012
This submission is in response to the Australian Government’s Exposure Draft of the Personal Liability for Corporate Fault Reform Bill 2012 (C’th)(the Draft Bill).
The Australian Institute of Company Directors has closely monitored the progress of the current COAG reform agenda set out ...
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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 Feb 2012
This submission is in response to the Discussion Paper “Australian Charities and Not-for-profits Commission: Implementation Design”, released by the Australian Charities and Not-for-profits Commission (ACNC) Implementation Task Force on 9 December 2011.
Company Directors commended the T...
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Content Type:
Policy Submission
27 Jan 2012
This submission is in response to the discussion paper, Proposed Amendments to the Corporations Act, released by the Federal Treasury, which deals with the dividends payment test in s254T: proposed amendments to the parent entity reporting requirements and changing the financial year of a company.
...
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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
27 Jan 2012
This submission is in response to the Draft Charities and Not-for-profits Commission Bill 2012, released by the Federal Government on 9 December 2011.
Our submission begins by outlining a number of concerns with the consultation, including the continued practice of Federal Treasury and the Federa...
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Content Type:
Policy Submission
27 Jan 2012
This submission is in response to the Consultation Paper “Review of not-for-profit governance arrangements”, released by the Federal Government on 8 December 2011.
Our submission began by outlining a number of concerns with the consultation, including the continued practice of Federal Treasury an...
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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:
Policy Submission
16 Dec 2011
This submission is in response to a consultation paper titled “A Definition of Charity”, released by the Federal Government on 28 October 2011.
Our submission put forward that there should be no alteration to the current presumption that charities falling within particular categories...
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Content Type:
Policy Submission
15 Dec 2011
These letters to Federal Government Treasury Ministers regard the lack of adequate time being allowed by the Government for the preparation of submissions and other consultation with business and stakeholders on reform proposals and legislative changes.
The letters to Treasurer Wayne Swan, the A...
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Content Type:
Policy Submission
14 Dec 2011
This submission is in response to the International Integrated Reporting Council’s discussion paper, Towards Integrated Reporting, Communicating value in the 21st Century.
Our submission included amongst other things, the following comments about the development of Integrated Reporting:
(a) ...
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Content Type:
Policy Submission
30 Nov 2011
This submission responds to the call for comment from the International Accounting Standards Board (IASB) on their Agenda Consultation discussion paper that was released in July 2011. The Agenda Consultation seeks views on those financial reporting issues that should be on their agenda in the next ...
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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:
Policy Submission
28 Oct 2011
This submission is to Treasury on the Exposure Draft of the Corporations Legislation Amendment (Audit Enhancement) Bill 2011.
The submission related to auditor rotation requirements, annual transparency reports that are required to be prepared by auditors, and amendments to the Australi...