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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
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
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
02 Oct 2009
In a submission dated 2 October 2009 to the Board of Taxation, AICD expressed concern about moving the taxation point for options granted to SME directors, executives and other employees from the date of option exercise to the date of option vesting. Such a change would inhibit the ability of SMEs t...
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Content Type:
Policy Submission
02 Oct 2009
AICD submission to APRA on revised remuneration requirements
In a submission dated 2 October 2009 AICD expressed its support for the general direction taken by APRA in its revised remuneration requirements for APRA-regulated institutions. One area that AICD believes requires further con...
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Content Type:
Policy Submission
18 Sep 2009
On 18 September 4 associations (Business Council of Australia, Business Coalition for Tax Reform, Group of 100 and Corporate Tax Association) wrote a letter to the Chair of the Review panel on the Review of Australia’s Future Tax System to raise the merits of establishing an Oversight Board for the ...
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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
31 Jul 2009
On 31 July 2009 AICD provided a submission to the Australian Prudential Regulatory Authority (APRA) in response to the Discussion Paper "Remuneration: Proposed extensions to governance requirements for APRA-regulated institutions" (Issued 28 May 2009). AICD outlined its support for the overall appro...
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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
23 Jun 2009
On 23 June 2009 AICD wrote to the International Corporate Governance Network (ICGN) setting out its views on proposed changes to the ICGN’s guidelines on the remuneration of non-executive directors. In its letter AICD provided feedback on matters such as proposed guidance on minimum director share h...
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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...
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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 Federal Treasury in response to the Exposure Draft "Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009" (issued on 5 May 2009). The submission outlines AICD's concerns with the draft Bill including its impact on the intern...
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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...