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Content Type:
Policy Submission
14 Jun 2011
This submission responded to ASIC’s request for comments on Consultation Paper 155 – Improving Prospectus Disclosure for retail investors.
Our submission supported clear, concise and effective prospectus disclosure but noted, among other things, that:
• the proposal for mandatory disclos...
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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
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
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
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
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
27 May 2010
In a submission dated 27 May 2010 the Australian Institute of Company Directors provided its response to the Australian Securities Exchange’s Exposure Draft “Listing Rule Amendments- New Requirements for a Remuneration Committee and a Company Trading Policy”. The submission outlines broad support fo...
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Content Type:
Policy Submission
26 Feb 2010
This consultation paper contains ASIC’s proposals for best practice relating to the handling of confidential information, primarily in the context of capital raisings and mergers and acquisitions. Whilst AICD supports the focus of the Paper, we are concerned that some of the proposals may not be pro...
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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
08 Dec 2009
In this submission AICD argues that in order to support investor confidence and market integrity, equity derivatives held by directors should be required to be disclosed under section 205G Corporations Act like other securities.
AICD Submission to Treasury on disclosure of equity der...
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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...
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Content Type:
Policy Submission
06 Nov 2009
On 6 November 2009 AICD wrote to the Productivity Commission expressing its views on a set of executive remuneration proposals released by the Commission on 30 September 2009. AICD commended the balanced and factual approach taken by the Commission, but expressed concern regarding some of the propos...
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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
06 Nov 2009
AICD has made a submission to Safe Work Australia in relation to the Safe Work Act 2009 (Model Safe Work Provisions). AICD supports stringent OH&S laws with appropriate penalties and welcomes a number of aspects of the new provisions. In this submission AICD comments on 3 matters of concern - th...
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Content Type:
Policy Submission
02 Oct 2009
In a submission dated 2 October 2009 to the Board of Taxation, AICD expressed concern about moving the taxation point for options granted to SME directors, executives and other employees from the date of option exercise to the date of option vesting. Such a change would inhibit the ability of SMEs t...
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Content Type:
Policy Submission
18 Sep 2009
On 18 September 4 associations (Business Council of Australia, Business Coalition for Tax Reform, Group of 100 and Corporate Tax Association) wrote a letter to the Chair of the Review panel on the Review of Australia’s Future Tax System to raise the merits of establishing an Oversight Board for the ...
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Content Type:
Policy Submission
31 Aug 2009
On 31 August 2009 AICD provided a submission to Federal Treasury in response to the Exposure Draft Tax Laws Amendment (2009 Budget Measures No.2) Bill 2009: Employee Share Schemes and its accompanying explanatory materials. Comments made by AICD included that it is of critical importance that the ta...