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Content Type:
Policy Submission
10 Oct 2012
This submission is to the Parliamentary Joint Committee on Corporations and Financial Services’ inquiry into the Personal Liability for Corporate Fault Reform Bill 2012.
The submission attaches our three previous submissions to Federal Treasury on these reforms dated 30 March 2012, 28 J...
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Content Type:
Policy Submission
03 Sep 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)(third tranche)(the Draft Bill).
The Australian Institute of Company Directors has closely monitored the progress of the current COAG reform ...
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Content Type:
Policy Submission
30 Aug 2012
This submission to the Joint Parliamentary Committee on Corporations and Financial Services is in regards to the Australian Charities and Not-for-profits Commission Bill 2012 and the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill 2012.
We note ...
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Content Type:
Policy Submission
30 Aug 2012
This submission to the Senate Community Affairs Legislation Committee is in regards to the Australian Charities and Not-for-profits Commission Bill 2012 and the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill 2012.
We note in the submission that...
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Content Type:
Policy Submission
28 Jun 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)(second tranche)(the Draft Bill).
The Australian Institute of Company Directors has closely monitored the progress of the current COAG reform...
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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
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
27 Jan 2011
This submission to Federal Treasury sets out our views on the Exposure Draft of the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 (“the Draft Bill”) and accompanying Explanatory Memorandum (PDF), released by the Federal Government on 20 December 2...
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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
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
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
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
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
22 Dec 2009
AICD argues in this submission that the proposed guide has a useful educative purpose but that its limitations should be clearly acknowledged including that it does not represent the law or judicial interpretation. The guide fails to acknowledge at a number of levels the difference between the roles...
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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
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
24 Nov 2009
On 24 November 2009, AICD provided a submission in response to the Productivity Commission’s draft research report into the Contribution of the Not-for-Profit Sector. The submission strongly supported the recommendation made by the Commission that Australian governments should support and promote tr...