Policy Search Results

• Submission to IAASB in response to ISA720

  Content Type: Policy Submission

  14 Mar 2013

  On 14 March 2013 the Australian Institute of Company Directors provided a submission to the International Auditing and Assurance Standards Board in response to their Exposure Draft: The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial...

• Discussion paper meaning of understanding in the Trade Practices Act 1974

  Content Type: Policy Submission

  09 Apr 2009

  This submission provides some comments to Treasury on its discussion paper. AICD does not support the change to the Trade Practices ACT (TPA) sought by the Australian Competition and Consumer Commission (ACCC). AICD believes that liability should not be established on the basis of inference without ...

• BCTR 2009 Pre Budget Submission

  Content Type: Policy Submission

  29 Jan 2008

  AICD participates in the debate about Australian tax reform through its involvement in the Business Coalition for Tax Reform (BCTR). BCTR's 2009 pre budget submission was sent to the Treasurer on 18 January 2008. Visit the BCTR website to obtain a copy of the submission.

• Proposed Revised Differential Reporting Regime for Australia and IASB Exposure draft of a Proposed I

  Content Type: Policy Submission

  30 Aug 2007

  AICD supports the removal of the existing requirement for unlisted SMEs to comply with full International Financial Reporting Standards. The proposed IFRS for SMEs is too still far too complex for small unlisted entities. The reporting entity concept should be retained. AICD believes that it is incu...

• Financial Reporting by Unlisted Public Companies

  Content Type: Policy Submission

  17 Aug 2007

  AICD considers that compliance with IFRS imposes an unreasonable burden on many smaller unlisted public companies, often consuming a significant proportion of shareholder funds. Where these companies fall under the current non reporting entity classification, it should remain a matter for relevant s...

• Inquiry into Private Equity Investment

  Content Type: Policy Submission

  26 Apr 2007

  AICD makes comment on the appropriate regulatory or legislative response to the market phenomenon of private equity. Specifically, we make comment on the role of private equity in corporate control transactions and its impact on directors and senior managers. Private Equity Inquiry

• Streamlining Prudential Regulation Response to Rethinking Regulation

  Content Type: Policy Submission

  15 Feb 2007

  AICD’s submission to The Hon Peter Dutton MP expresses concern that the December 2006 Proposals do not achieve the Government’s objectives. The manner in which APRA interacts with regulated entities and the way it exercises discretion are significant issues for directors that are not addressed.  ...

• Private Health Insurance Bill 2006

  Content Type: Policy Submission

  03 Nov 2006

  The Private Health Insurance Bill 2006 proposes changes which try to radically alter traditional concepts and limitations of corporate liability. The provisions of the Bill are materially inconsistent with the recommendations from CAMAC regarding personal liability for corporate fault by seeking to ...

• Corporations Amendment Takeovers Bill 2006

  Content Type: Policy Submission

  11 Oct 2006

  The Bill has particular importance for company directors who carry primary responsibility for compliance with the law in a takeover. Company directors also face significant potential civil and criminal liability under Chapter 6B of the Corporations Act 2001 (CA). Of concern to AICD is that directors...

• APRA Prudential Standards on Governance

  Content Type: Policy Submission

  20 Jul 2006

  Letter to the Treasurer, Peter Costello, regarding APRA's prudential standards on governance announced in May 2006. AICD raises two main issues with these standards - lack of flexibility and lack of transparency. Joint Submission to the Treasurer on APRA Prudential Standards on Governanc...

• Regulation taskforce Reducing the regulatory burden of business

  Content Type: Policy Submission

  25 Nov 2005

  The cost of regulation to business in Australia is immense. AICD is concerned that  the Government needs to avoid knee-jerk policy responses, adopt plain English drafting of legislation, ensure uniform drafting between the Commonwealth and States, insert sunset clauses and avoid frequent law reform....

• Occupational Health and Safety Workplace Fatalities Bill 2005 Revised Bill

  Content Type: Policy Submission

  20 May 2005

  The Hon. John Della Bosca, MLCSpecial Minister for StateLevel 30Governor Macquarie Tower1 Farrer PlaceSydney NSW 2000 Dear Minister, Occupational Health and Safety (Workplace Fatalities) Bill 2005 – Revised Bill Thank you for arranging for us to meet with ...

• Adoption of International Reporting Standards Prudential Approach Fair Value and other issues Discus

  Content Type: Policy Submission

  04 May 2005

  APRA has issued a discussion paper outlining its approach to adoption of International Financial Reporting Standards. The AICD has written outlining some concerns about their approach including the potential for companies to produce 2 sets of financial statements, one for APRA and one for other regu...

• Shareholders Expectations Exposure Draft Policy Statement by Australian Shareholders Association AS

  Content Type: Policy Submission

  06 Apr 2005

  On 6 January 2005, the Australian Shareholders’ Association (ASA) released an exposure draft outlining its key policies on matters of primary importance for monitoring in their reviews of companies. ASA invited comment on their first-pass review of key polices. The AICD's response highlighted partic...

• Discussion Paper Preliminary Views on Accounting Standards for Small and Mediumsized Entities Dis

  Content Type: Policy Submission

  22 Dec 2004

  The AICD believes that a deficiency in the Discussion Paper is that it is does not identify an overall philosophy regarding the nature and extent of financial reporting by SMEs. The AICD believes that the Discussion Paper should make the following points clear: 1) Financial reporting standards have ...

• Auditing and Assurance Standards Board AUASB Strategic directions paper September 2004

  Content Type: Policy Submission

  14 Dec 2004

  The AICD believes the AUASB should continue to base Australian Auditing Standards (AUSs) on International Standards on Auditing (ISAs), adding or amending if and as necessary to conform to Australian law and other necessary local requirements, and subject to ISAs continuing to be of high quality, wh...

• Age Discrimination Legislation

  Content Type: Policy Submission

  15 Aug 2002

  Submission to Ms Kathy Leigh, First Assistant Secretary, Attorney General’s Department, Civil Justice Division. 15 August 2002Ms Kathy Leigh, First Assistant Secretary, Attorney General's Department, Civil Justice Division AGE DISCRIMINATION LEGISLATION I refer ...

• Employee Entitlements Joint Letter AICD with ABA and others to the Prime Minister

  Content Type: Policy Submission

  20 Sep 2001

  Submission to The Hon John Howard MP, Prime Minister. 20 September 2001 The Hon John Howard MP, Prime Minister PROPOSAL FOR LEGISLATION TO GIVE STATUTORY EMPLOYEE ENTITLEMENTS PRIORITY OVER NEW SECURED CREDITORS IN INSOLVENCY SITUATIONS Thank you for making time for a brief discussion about this...

• AICD Submission to the Parliamentary Joint Statutory Committee on Corporations and Securities

  Content Type: Policy Submission

  19 Dec 2000

  Submission to The Secretary, Parliamentary Joint Statutory Committee On Corporations and Securities Corporate Code of Conduct Bill 2000. 19 December 2000 The Secretary, Parlimentary Joint Statutory Committee On Corporations and Securities AICD SUBMISSION TO THE PARLIAMENTARY JOINT STATUTORY COMM...