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Content Type:
Policy Submission
15 Nov 2010
On 15 November 2010, the Australian Institute of Company Directors wrote to the Department of Health and Ageing in response to a Discussion Paper “Medicare Locals - Discussion Paper on Governance and Functions”. The submission set out our views on various governance aspects of Medicare Locals. In p...
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Content Type:
Policy Submission
04 Nov 2010
On 4 November 2010 the Australian Institute of Company Directors wrote to the Australian Public Service Commission in response to its discussion paper Proposing a new set of Australian Public Service Values.
Having reviewed the revised set of APS Values they appear appropriate to us, particu...
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Content Type:
Policy Submission
02 Nov 2010
On 2nd November the Australian Institute of Company Directors made a submission to Treasury supporting section 205G applying not just to listed companies but also to listed entities. Although this might involve extra compliance costs for listed entities not otherwise required to report that informat...
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Content Type:
Policy Submission
15 Oct 2010
On 15 October 2010, the Australian Institute of Company Directors wrote to the Office for Women’s Policy (OFWP), NSW Department of Premier and Cabinet, in response to its ‘Consultation Paper on Strategies to increase the proportion of women on NSW Government Boards and Committees’ (Consultation Pape...
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Content Type:
Policy Submission
24 Sep 2010
On 24 September 2010, the Australian Institute of Company Directors wrote to the Hon Wayne Swan MP and the Hon David Bradbury MP regarding the Senate Economics References Committee Report entitled: The regulation, registration and remuneration of Insolvency Practitioners in Australia: the case for a...
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Content Type:
Policy Submission
03 Sep 2010
On 3 September 2010 the Australian Institute of Company Directors wrote to the NSW Department of Health in response to its “Health Reform in NSW: A Discussion Paper on Implementing the Federal Government’s ‘A National Health and Hospitals Network for Australia’s Future’ in NSW”, released on 4 August...
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Content Type:
Policy Submission
27 Aug 2010
Australian Institute of Company Directors participates in the debate about Australian tax reform through its involvement in the Business Coalition for Tax Reform (BCTR).Visit the BCTR website to obtain a copy of this submission.
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Content Type:
Policy Submission
13 Aug 2010
On 13 August 2010, the Australian Institute of Company Directors wrote to the Corporations and Markets Advisory Committee (CAMAC) setting out our views on the requirements that apply to remuneration reports and on simplification of the incentive components of executive remuneration arrangements. In ...
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Content Type:
Policy Submission
11 Jun 2010
Insider trading and market manipulation offences cause serious harm to the fair and efficient functioning of Australia’s financial markets. The Australian Institute of Company Directors supports strong laws and a well resourced regulator to enforce them. The consultation time allowed to comment on t...
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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
27 May 2010
In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the ASX Corporate Governance Council’s Exposure Draft “Proposed Amendments to the ASX Corporate Governance Council Corporate Governance Principles and Recommendations”. The submission outlines br...
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Content Type:
Policy Submission
07 May 2010
This submission to Treasury is in response to the discussion paper entitled Audit Quality in Australia: A Strategic Review.
As directors are ultimately responsible for the company’s financial reports and for the audit process, the Australian Institute of Company Directors is interested to ensure 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
02 Mar 2010
We are concerned that current laws on insolvent trading sometimes prevent the best stakeholder outcomes from being achieved. They make trading out of insolvency not only extremely risky but they prohibit it for the directors of a company in solvency stress. Each director faces being held personally ...
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Content Type:
Policy Submission
26 Feb 2010
The issue of director share trading is central to maintaining the integrity of Australia’s capital markets. AICD believes that the case for a listing rule proposed by ASX has not been properly made out. In support of a less prescriptive approach and the positive impact of strong regulatory oversight...
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Content Type:
Policy Submission
03 Feb 2010
In a submission dated 3 February 2010 AICD provided its comments to Federal Treasury on the exposure draft of the Corporations Amendment (Corporate Reporting Reform) Bill 2010. AICD supported most of the proposed amendments, although it expressed opposition to changing the current wording of the dir...
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Content Type:
Policy Submission
23 Dec 2009
On 23 December 2009, AICD provided comments to the AASB in respect of Exposure Draft 183 – Management Commentary. AICD’s submission noted that much of the content of the proposed Management Commentary framework must already be included by Australian listed companies in their annual reports pursuant ...
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Content Type:
Policy Submission
22 Dec 2009
In this submission, AICD argues that there is sufficient regulation to curb phoenix activity such as the trading while insolvent provisions in the Corporations Law. There are also ASIC schemes like the Assetless Administration Fund that permit investigations and reports by liquidators that may ident...
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Content Type:
Policy Submission
21 Dec 2009
On 21 December 2009, AICD provided a submission to Treasury regarding the Options Paper entitled Improving Protections for Corporate Whistleblowers. AICD’s submission stated that:
the good faith requirement under the current whistleblower protection provisions in the Corporations...
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Content Type:
Policy Submission
07 Dec 2009
In this letter, AICD, Business Council of Australia, Australian Bankers Association and Law Council request the Prime Minister to ensure that the model law is applied in each state and territory so harmonisation is achieved. As drafted, the Model Law gives jurisdictions discretion on significant leg...