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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
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
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
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
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
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
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
12 Jun 2009
AICD welcomes the opportunity to participate in the National Human Rights Consultation. The protection and promotion of human rights is a question of national importance for all Australians. We have focussed our comments on those matters relating to directors including the personal liability of dire...
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Content Type:
Policy Submission
18 Feb 2009
NSW Inquiry into University Governance
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Content Type:
Policy Submission
14 Jul 2008
AICD's answers to the specific questions posed by the review (see submission below) are underpinned by the following key principles:
laws should be uniform
mutuality of obligation between employers and employees
burden of proof should not be reversed
...
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Content Type:
Policy Submission
25 May 2007
Submission to Treasury on the Insider Trading position and consultation paper.
InsiderTrading
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Content Type:
Policy Submission
06 Jan 2005
Much of the media discussion of multiple directorships has been based on the assumption that the issue is widespread and the consequences are invariably undesirable. I would like to suggest an alternative view. Recent Australian research shows that only three out of every 100 directors hold three or...
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Content Type:
Policy Submission
31 May 2004
Submission to The Department of Treasury on CLERP (Audit Reform and Corporate Disclosure) Bill 2003 Draft Due Diligence Defence.
31 May 2004
Ms Ruth SmithManagerMarket Integrity UnitDepartment of TreasuryLangdon CrescentParks ACT 2600
Dear Ms Smith,
CLERP (Audit...
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Content Type:
Policy Submission
29 Nov 2002
Submission to Mr John Kluver, Executive Director, Corporations & Markets Advisory Committee.
29 November 2002 Mr John Kluver, Executive Director, Corporations & Markets Advisory Committee INSIDER TRADING PROPOSALS PAPER - SEPTEMBER 2002 The Australian Institute of Company Directors (AICD...
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Content Type:
Policy Submission
30 Sep 2002
Submission to The Australian Accounting Standards Board.
30 September 2002 The Australian Accounting Standards Board AASB ED106 DIRECTOR, EXECUTIVE AND RELATED PARTY DISCLOSURES Introduction The Australian Institute of Company Directors (AICD) welcomes the opportunity to make a submission on ED ...
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Content Type:
Policy Submission
08 Jul 2002
Submission to Mr Nigel Morris, Director, Takeovers Panel.
5 July 2002Mr Nigel Morris, Director, Takeovers Panel
TAKEOVERS PANEL DRAFT GUIDANCE NOTE ON FRUSTRATING ACTION
We refer to the draft Guidance Note on frustrating action released by the Takeovers Panel ("...
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Content Type:
Policy Submission
14 Jun 2002
Submission to The Chairman, Australian Accounting Standards Board.
14 June 2002The Chairman, Australian Accounting Standards Board EXPOSURE DRAFT ED 105 'STATEMENT OF FINANCIAL PERFORMANCE: AMENDMENTS TO AASB 1018/AAS1' ('ED 105') I am writing to you on behalf of the Australian Institute of Comp...
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Content Type:
Policy Submission
31 May 2002
Submission to The Secretary, Joint Committee of Public Accounts and Audit.
31 May 2002The Secretary, Joint Committee of Public Accounts and Audit REVIEW OF INDEPENDENT AUDITING BY REGISTERED COMPANY AUDITORS Introduction AICD welcomes the opportunity of making a submission to the Joint Committe...
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Content Type:
Policy Submission
12 Nov 2001
Submission to Mr John Kluver, Executive Director, Companies and Securities Advisory Committee.
12 November 2001 Mr John Kluver, Executive Director, Companies and Securities Advisory Committee AICD SUBMISSION TO THE COMPANIES AND SECURITIES ADVISORY COMMITTEE ON INSIDER TRADING DISCUSSION PAPERA...
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Content Type:
Policy Submission
07 Mar 2001
To Ms Catherine Officer, National Counsel - Investors and Companies, Australian Stock Exchange Limited
7 March 2001 Ms Catherine Officer, National Counsel - Investors and Companies, Australian Stock Exchange Limited AUSTRALIAN INSTITUTE OF COMPANY DIRECTORSSubmission to Australian Stock Exchange...