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Content Type:
Policy Submission
28 Mar 2013
On 28 March 2013 the Australian Institute of Company Directors lodged a submission with the Australian Accounting Standards Board (AASB) in response to their exposure draft ED 233: Australian Additional Disclosures – Investment Entities (ED 233).
The Australian Institute of Company Directors do n...
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Content Type:
Policy Submission
18 Feb 2013
On Friday, 15 February 2013 we made a submission to Treasury on the consultation paper: Australian Charities and Not-for-profits Commission - Financial Reporting Requirements.
In the submission, we offered our broad support for the draft requirements however, suggested some changes required and ...
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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:
Policy Submission
30 Mar 2011
This submission to Federal Treasury sets out our views on the Discussion Paper 'The clawback of executive remuneration where financial statements are materially misstated', released by the Federal Government on 20 December 2010.
We noted our strong opposition to a mandated clawback provisi...
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Content Type:
Policy Submission
11 Jun 2010
On 9 June 2010, the Australian Institute of Company Directors wrote to the Hon Chris Bowen MP regarding the test for the payment of dividends included in the Corporations Amendment (Corporate Reporting Reform) Bill 2010. Pursuant to the Bill companies will need to ensure that amongst other things, t...
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Content Type:
Policy Submission
22 Apr 2010
On 22 April 2010 the Australian Institute of Company Directors lodged a submission with the Australian Accounting Standards Board (AASB) relating to the AASB’s Exposure Draft 192 Differential Reporting Framework and the accompanying consultation paper Differential Financial Reporting – Reducing Disc...
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Content Type:
Policy Submission
06 Nov 2009
On 6th November AICD wrote to Sir David Tweedie Chairman of IASB in regard to Exposure Draft ED/2009/7 Financial instruments: Classification and Measurement. AICD is of the view that dividends arising from investments in equity instruments should be recognised in the entitity's profit and loss state...
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Content Type:
Policy Submission
08 Apr 2009
AICD strives to promote the simplicity, transparency, consistency and decision usefulness of financial reports and wishes to provide some general comments in response to the IASB paper Preliminary views on financial statement presentation. AICD has also produced 2 publications to support this - Unde...
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Content Type:
Policy Submission
26 Aug 2008
AICD's answers to the specific questions posed by the discussion paper may be summarised as follows:
AICD commends the International Accounting Standards Board (IASB) for this effort to reduce complexity and encourages then to develop principle -based standards.
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Content Type:
Policy Submission
31 Oct 2006
AICD"s submission to the International Accounting Standards Board (IASB) recognises the benefits of common global standards but is concerned that the proposed conceptual framework is not in the best interests of the majority of companies following IFRS. We also believe that the process of rule amend...
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Content Type:
Policy Submission
14 Jun 2006
AICD is concerned that SMEs are disadvantaged by the imposition of AIFRS due to the costs involved and because it runs contrary to the Australian Government's stated objective of reducing red tape.
AICD Submission to AASB on ED148
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Content Type:
Policy Submission
31 May 2006
This submission responds to the Consultation Paper on Corporate and Financial Services Regulation released by Chris Pearce MP, Parliamentary Secretary to the Treasurer in April 2006. AICD's submission covers disclosure, company reporting obligations, corporate governance, fund raising, takeovers and...
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Content Type:
Policy Submission
24 Feb 2006
The AICD wrote to Financial Reporting Council (FRC) to express the Institute’s views on the activities of the FRC, to assist the Council with its Special Strategy Session. AICD’s principal submission was that the Council should re-examine its activities against one its core objectives under Part 12 ...
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Content Type:
Policy Submission
18 Jan 2006
AICD's submission to the Financial Reporting Council on the proposed model stresses that our support for the role of the Urgent Issues Group and the stakeholder representative model. AICD believes that the Financial Reporting Council should be determining what happens with Australian Accounting Stan...
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Content Type:
Policy Submission
18 Jan 2006
AICD submission to AASB on the proposal to replace the Urgent Issues Group (UIG) with another interpretative body. Our submission outlines our objections to the proposal including comments on the principles involved and operational issues.
AICD submission to AASB on UIG Inv...
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Content Type:
Policy Submission
18 Aug 2005
Messrs Bruce Porter and Garth Campbell-CowanUrgent Issues Sub-committeeAustralian Accounting Standards BoardLevel 4, 530 Collins Street MELBOURNE VIC 3000
Dear Messrs Porter & Campbell-Cowan,
'Role, Functions and Composition of the Urgent Issues Group' Discussion Paper 13 July 20...
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Content Type:
Policy Submission
28 Jul 2005
Mr Warren McGregorInternational Accounting Standards Board30 Cannon StreetLondon EC4M 6XHUNITED KINGDOM
Dear Mr McGregor,
Draft Memorandum of Understanding on the role of Accounting Standard - Setters and their relationship with the International Accounting Standards Board (IA...
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Content Type:
Policy Submission
05 Apr 2005
The Hon Chris Pearce MAICD MPParliamentary Secretary to the TreasurerHouse of RepresentativesParliament HouseCanberra ACT 2600
Dear Mr Pearce,
Financial Reporting Council Meetings
I am writing to you in relation to the outcome of the Financial Reporting Council's (FRC) recent re...
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Content Type:
Policy Submission
20 Jan 2005
The AICD is concerned that the short time available for consultation means that the AICD has not had the opportunity of considering the detail of the proposed Standards and their consistency with the Corporations Act. The transition to international accounting standards is one of the most significan...
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Content Type:
Policy Submission
02 Dec 2004
The functions of the FRC cannot clearly be identified with either regulatory bodies such as ASIC and APRA or the accounting and auditing standard setters. The FRC's current representational-style membership does not dispense with the need for public meetings . The AICD considers that public meetings...