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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...
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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
02 Jun 2009
PPFs are a form of ancillary trust fund designed to encourage private philanthropy by providing private groups, such as businesses, families and individuals with greater flexibility to start their own trust funds for philanthropic purposes. AICD is concerned that provisions in the Exposure Draft wil...
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Content Type:
Policy Submission
29 May 2009
On 29 May 2009 AICD lodged a submission with the Productivity Commission in response to the Commission's Issues Paper titled "Regulation of Director and Executive Remuneration in Australia" (issued April 2009). The 70 page submission covers many different aspects of NED and Executive Remuneration, i...
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Content Type:
Policy Submission
02 Mar 2009
Letter to the Chairman, Federal Opposition Policy Review outlining our higher policy priorities which includes:1. Process of policy development and legislative/regulatory reform2. Remuneration3. Directors Liability4 .Directing in difficult times5. Market integrity6. Shareholder engagement7. Environm...
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Content Type:
Policy Submission
01 Oct 2008
In this submission to CAMAC on the discussion paper on members schemes of arrangement we highlight the issues which are of particular significance to directors. These include:
Section 3.3 - liability and defences for disclosure breaches. Information supplied in an exemplary state...
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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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