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Content Type:
Policy Submission
22 May 2009
This submission supports the national harmonization of consumer legislation where it leads to greater clarity for directors as to the laws with which they and their companies must comply. However, the submission cautions that the proposed unfair contract provisions have the potential to introduce un...
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Content Type:
Policy Submission
08 Apr 2009
This submission provides some comments from AICD to the Department of Climate Change on its Carbon Pollution Reduction Scheme legislation.
As the peak organisation for directors and corporate governance, our submission deals only with the liability of officers of companies under Part 20 - liabil...
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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
08 Apr 2009
This submission provides some comments from AICD to the Senate Select Committee on Climate Policy.
Under copy of this letter AICD sent its submission to the Department of Climate Change on the Carbon Pollution Reduction Scheme legislation (CPRS)on 8th April 2009 emphasizing the impact of the CPR...
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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
19 Mar 2009
This submission provides some comments from AICD to the Australian Shareholders Association (ASA) on its draft policy statement on executive remuneration.
It includes AICD's views regarding statutory restrictions on executive remuneration, binding shareholder vote and executive termination payme...
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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
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
23 Sep 2008
AICD believes that a ‘light touch’ needs to be applied in reforming not-for-profit (NFP) regulation so that volunteers and donors are not dissuaded by red tape from contributing their time, expertise and money to the sector. Cost burdens need to be balanced against the benefits of any regulatory reg...
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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
18 Jul 2008
While the reliance on AGMs may be changing for shareholders, AICD continues to see a role for annual engagement through a general meeting. CSA's discussion paper recommends removing some of the current discretions that are available to company chairmen in conducting AGMs.AICD sees the current discre...
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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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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
20 Jun 2008
AICD letter to Senator Nick Sherry requesting dinner discussion relating to the future of annual general meetings
Letter to Senator Nick Sherry See also Rethinking the AGM
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Content Type:
Policy Submission
22 May 2008
Following on from its 2007 submission to the PJC Inquiry into Shareholder Engagement and Participation, AICD appeared before the PJC at its public hearings held on 16/4/08. The documents on this page comprise the transcript of hearing and responses to question on notice.
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Content Type:
Policy Submission
20 May 2008
AICD participates in the debate about Australian tax reform through its involvement in the Business Coalition for Tax Reform (BCTR).
A Senate Select Committee on State Government Financial Management has been established to inquire into and report on Commonwealth and state and territory fiscal...