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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
13 Aug 2010
On 13 August 2010, the Australian Institute of Company Directors wrote to the Corporations and Markets Advisory Committee (CAMAC) setting out our views on the requirements that apply to remuneration reports and on simplification of the incentive components of executive remuneration arrangements. In ...
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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
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
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
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
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
21 Dec 2009
On 21 December 2009, AICD provided a submission to Treasury regarding the Options Paper entitled Improving Protections for Corporate Whistleblowers. AICD’s submission stated that:
the good faith requirement under the current whistleblower protection provisions in the Corporations...
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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
06 Nov 2009
On 6 November 2009 AICD wrote to the Productivity Commission expressing its views on a set of executive remuneration proposals released by the Commission on 30 September 2009. AICD commended the balanced and factual approach taken by the Commission, but expressed concern regarding some of the propos...
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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
31 Aug 2009
On 31 August 2009 AICD provided a submission to Federal Treasury in response to the Exposure Draft Tax Laws Amendment (2009 Budget Measures No.2) Bill 2009: Employee Share Schemes and its accompanying explanatory materials. Comments made by AICD included that it is of critical importance that the ta...
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Content Type:
Policy Submission
31 Jul 2009
On 31 July 2009 the AICD provided a submission to the inquiry being conducted by the Senate Economics Legislation Committee into unfair contract terms arising out of the Trade Practices Amendment (Australian Consumer Law) Bill 2009. The submission supports the national harmonization of consumer legi...
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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
17 Jul 2009
On 17 July 2009 AICD provided a submission to the Senate Economics Legislation Committee in response to its inquiry into the Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009. The submission outlines AICD’s concerns with the Bill, including the proposed low threshol...
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Content Type:
Policy Submission
16 Jul 2009
On 16 July 2009 AICD provided a submission in connection with the Inquiry being undertaken by the Senate Economics References Committee into Employee Share Schemes. In the submission AICD outlines its concerns with Federal Government proposals to reform the taxation arrangements for employee share p...
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Content Type:
Policy Submission
16 Jun 2009
On 5 June 2009 the Federal Government released the draft Tax Laws Amendment (Employee share schemes) Bill 2009. In a letter to the Assistant Treasurer, the Hon Nick Sherry, dated 16 June 2009 AICD set out its concerns with the draft Bill. These concerns include the adverse impact the proposed measur...
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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...