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Content Type:
Policy Submission
08 Jun 2007
Submission to Treasury reviewing sanctions for directors in corporate law. The submission covers responsive regulation and responsible risk taking, criminal, civil and administrative sanctions and better defining the contravention.
Review Of Sanctions In Corporate Law
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Content Type:
Policy Submission
28 May 2007
AICD does not regard the infringement notice provisions as a success nor significantly contributing to compliance with the continuous disclosure regime under the Corporations Act 2001. Infringement Notices
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Content Type:
Policy Submission
25 May 2007
AICD supports in principle the proposal to disqualify directors in Australia who are banned in New Zealand.
Submission to Treasury supporting the proposed harmonisation of director disqualifications between Australia and New Zealand.
Proposal To Amend Corps Act Automatic Disqua...
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Content Type:
Policy Submission
25 May 2007
Submission to Treasury on the Insider Trading position and consultation paper.
InsiderTrading
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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
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Content Type:
Policy Submission
13 Apr 2007
AICD have made comments on three areas raised in the Takeovers Panel's issues paper, Insider participation in control transactions , addressing potential conflicts of interest and provision of information to potential rival bidders. A common thread to our views is that prescriptive rules are not app...
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Content Type:
Policy Submission
09 Mar 2007
AICD is supportive of legislation that clarifies how and when government agencies can use coercive information-gathering powers. We support the Council’s view that such powers must be used effectively, efficiently and in a manner consistent with administrative law principles. Consistency in the exer...
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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.
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Content Type:
Policy Submission
22 Dec 2006
This submission relates to a reference on the treatment of future unascertained person injury claims from the Parliamentary Secretary to the Treasurer to the Corporations and Markets Advisory Committee dated 12 October 2005 (Reference).Regulation of corporations which are required to account for pro...
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Content Type:
Policy Submission
15 Dec 2006
Letter to the Treasury, requesting a response to the joint submisson on APRA's prudential standards on governance made in July 2006. Letter to Ken Henry on APRA Prudential Standards on Governance A copy of AICD's joint submission to The Treasurer, Peter Costello on APRA's prudential standard on gov...
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Content Type:
Policy Submission
14 Dec 2006
Letter to Tony Abbott, Minister for Health and Ageing, regarding the Private Health Insurance Bill 2006. Our chief concern is that the Bill alters the basicpremise of business in Australia by proposing that directors owe their duties to shareholders or the public rather than the corporation. It also...
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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 ...
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Content Type:
Policy Submission
02 Nov 2006
This submission is essentially a cover letter forwarding our October submission to Treasury for their attention. AICD Letter to PJC on Corporations Amendment Takeovers Bill (2006) A copy of AICD's submission to the Treasury was included with this letter. The submission can be found in the 2006 submi...
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Content Type:
Policy Submission
11 Oct 2006
These submissions outlined AICD's concerns with potential changes to the 100 member rule and the proposed square root rule, the importance of protecting the rights of small shareholders, the potential abuse of the 100 member rule by shareholder activists and resultant costs to the company and shareh...
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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...
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Content Type:
Policy Submission
20 Sep 2006
This joint submission to Hon. Chris Pearce, the Parliamentary Secretary to the Treasurer, has been signed by Chartered Secretaries Australia, Australian Shareholders' Association, Business Council of Australia, Australian Employee Owners' Association, AICD, Investment and Financial Services Associat...
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Content Type:
Policy Submission
26 Jul 2006
This was submisson made jointly with Chartered Secretaries Australia (CSA), the Business Council of Australia (BCA), FINSIA, Australasian Investor Relations Institute, (AIRA), Investment & Financial Services Association (IFSA) and the Australian Employee Ownership Association (AEOA). It expresse...
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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...
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Content Type:
Policy Submission
14 Jul 2006
AICD made a submission in September 2005 on this topic. A number of our key recommendations were not supported. In this submission, AICD strongly believes that those recommendations provide for significant improvements to the OHS Act 2005 that should be implemented. Our further recommended changes a...
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Content Type:
Policy Submission
29 Jun 2006
This submission to the Criminal Law Branch of the Attorney-General's Department makes general observations on issues raised by the Discussion Paper as well as reviewing existing penalty options and providing alternative criminal penalty options. It also looks at penalty-setting mechanisms, inter-jur...