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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
11 Jun 2010
On 9 June 2010, the Australian Institute of Company Directors wrote to the Hon Chris Bowen MP regarding the test for the payment of dividends included in the Corporations Amendment (Corporate Reporting Reform) Bill 2010. Pursuant to the Bill companies will need to ensure that amongst other things, 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
22 Apr 2010
On 22 April 2010 the Australian Institute of Company Directors lodged a submission with the Australian Accounting Standards Board (AASB) relating to the AASB’s Exposure Draft 192 Differential Reporting Framework and the accompanying consultation paper Differential Financial Reporting – Reducing Disc...
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Content Type:
Policy Submission
03 Feb 2010
In a submission dated 3 February 2010 AICD provided its comments to Federal Treasury on the exposure draft of the Corporations Amendment (Corporate Reporting Reform) Bill 2010. AICD supported most of the proposed amendments, although it expressed opposition to changing the current wording of the dir...
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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
24 Jul 2009
In April 2009 the Federal Government issued an exposure draft of the National Consumer Credit Protection Bill and related legislation. The legislation would have created grave difficulties for not for profit member based organisations to take part in affinity programs for the benefit of members. AIC...
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Content Type:
Policy Submission
23 Jul 2009
Currently companies are unable to refuse access to share registers where the directors of the company believe the information will be misused. A ‘proper purpose’ test would fairly balance the need to facilitate corporate governance and commercial dealings on the one hand and the protection of shareh...
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Content Type:
Policy Submission
08 Apr 2009
AICD strives to promote the simplicity, transparency, consistency and decision usefulness of financial reports and wishes to provide some general comments in response to the IASB paper Preliminary views on financial statement presentation. AICD has also produced 2 publications to support this - Unde...
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Content Type:
Policy Submission
06 Apr 2009
This submission provides some comments from AICD to Treasury on its short selling disclosure regime consultation paper.
AICD is concerned that there is potential to circumvent the proposed disclosure arrangements and the information elicited via these proposals may have limited usefulness. It is...
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Content Type:
Policy Submission
27 Mar 2009
This submission to Australian Securities and Investment Commission (ASIC) provides some comment on consultation paper 105: facilitating equity capital raising.
With one exception AICD is supportive of the direction of ASIC's propsed reforms. AICD does not support removing the ten percent discou...
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Content Type:
Policy Submission
10 Mar 2009
Submission to Executive Director, Corporations and Market Advisory Committee (CAMAC)AICD considers that changes to the law should only be made if the current law is found to be inadequate. Any new laws should be proportionate to the matter being regulated and minimise unintended consequences. This s...
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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
25 Nov 2008
Submission to Senate Economics Committee Inquiry into Corporations Amendment (Short Selling) Bill 2008
AICD has concerns that there is great potential to circumvent the propsed disclosure arrangements in the bill and the information elicited via these proposals may have limited usefulness. I...
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Content Type:
Policy Submission
23 Oct 2008
Submission to Treasury on the regulation of and the disclosure regime applying to short selling. AICD is concerned that:
there is great potential to circumvent the proposed disclosure arrangements in the Bill, and
the information elicited via these proposals may have limited...
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Content Type:
Policy Submission
26 Aug 2008
AICD's answers to the specific questions posed by the discussion paper may be summarised as follows:
AICD commends the International Accounting Standards Board (IASB) for this effort to reduce complexity and encourages then to develop principle -based standards.
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Content Type:
Policy Submission
03 Jul 2008
Despite alleged recent abuses of margin lending arrangements, AICD considers that no fundamental overhaul of the regulatory oversight of such transactions is required, just incremental improvement. Appropriate regulation regarding disclosure already exists which provides the necessary flexibility fo...
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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...
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Content Type:
Policy Submission
17 Aug 2007
On 20 June 2007 the Australian Stock Exchange (ASX) issued a consultative document which included a proposal to make a prospective statement regarding compliance with the ASX Corporate Governance Council’s (CGC) Corporate Governance Principles and Recommendations. AICD submission and cover letter av...
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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...