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Content Type:
Policy Submission
30 Nov 2011
This submission responds to the call for comment from the International Accounting Standards Board (IASB) on their Agenda Consultation discussion paper that was released in July 2011. The Agenda Consultation seeks views on those financial reporting issues that should be on their agenda in the next ...
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Content Type:
Policy Submission
21 Nov 2011
Following stakeholder consultation by the COAG Business Regulation and Competition Working Group (BRCWG), we re-submitted our April submission on a Future COAG Regulatory Reform Agenda.
The submission aimed to re-highlight our views as to appropriate options for COAG reform priorities goin...
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Content Type:
Policy Submission
28 Oct 2011
This submission is to Treasury on the Exposure Draft of the Corporations Legislation Amendment (Audit Enhancement) Bill 2011.
The submission related to auditor rotation requirements, annual transparency reports that are required to be prepared by auditors, and amendments to the Australi...
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Content Type:
Policy Submission
17 Oct 2011
This submission to the International Financial Reporting Standards Board is in response to the Exposure Draft Mandatory Effective Date of IFRS 9.
The submission agrees with the IFRS Board's proposal to extend the adoption date of IFRS 9 to annual periods commencing on or after 1 January...
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Content Type:
Policy Submission
16 Oct 2011
This submission is to the International Auditing and Assurance Standards Board on their consultation paper, Enhancing the Value of Auditor Reporting: Exploring Options for Change.
We noted amongst other things that:
The Consultation Paper proposed that elements of the audit r...
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Content Type:
Policy Submission
14 Oct 2011
This submission is to the Parliamentary Joint Committee on Corporations and Financial Services and the Senate Economics Committee regarding their respective inquiries into the Consumer Credit and Corporations Legislation (Enhancements) Bill 2011.
Our submission centred on amendments relating to ...
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Content Type:
Policy Submission
05 Sep 2011
This submission to the Tasmanian Department of Health and Human Services is in response to the Draft Tasmanian Health Organisations Bill 2011 (the Draft Bill), released on 11 August 2011.
While some of the aspects of the Draft Bill represent an improvement on similar legislation that has been pr...
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Content Type:
Policy Submission
17 Aug 2011
This submission is in response to Federal Treasury’s consultation on draft Corporations Amendment Regulations relating to funded class actions. The draft regulations exempt litigation funding arrangements from being managed investment schemes and exempt litigation funders from the need to obtain an ...
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Content Type:
Policy Submission
29 Jul 2011
The Australian Institute of Company Directors provided comments to Treasury in response to the Options Paper: A Modernisation and Harmonisation of the Regulatory Framework Applying to Insolvency Practitioners. Our submission agreed that efforts should be taken to reduce the incidence of fraudulent p...
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Content Type:
Policy Submission
29 Jun 2011
This submission to the Hon David Bradbury MP expresses concerns regarding a drafting issue with the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 (the Bill).
The drafting issue relates to the ability of a meeting chair to exercise und...
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Content Type:
Policy Submission
14 Jun 2011
This submission responded to ASIC’s request for comments on Consultation Paper 155 – Improving Prospectus Disclosure for retail investors.
Our submission supported clear, concise and effective prospectus disclosure but noted, among other things, that:
• the proposal for mandatory disclos...
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Content Type:
Policy Submission
07 Jun 2011
This submission to Federal Treasury is in response to the Exposure Draft of the Corporations Amendment Regulations 2011, released on 16 May 2011.
The submission reiterated some of our concerns with the Corporations Amendment (Improving Accountability on Director and Executive Remune...
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Content Type:
Policy Submission
13 May 2011
This submission is in response to Standards Australia's "Standardisation in ICT Governance and Management - Review of organisation participation and request for feedback".
We believe that properly developed and informed guidance for directors and managers on governance and management of IT is ve...
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Content Type:
Policy Submission
12 May 2011
This submission is in response to the Australian Securities and Investments Commission's Consultation Paper, 'Disclosing financial information other than in accordance with accounting standards', released on 24 March 2011.
The submission expresses our concerns about developing these guideli...
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Content Type:
Policy Submission
21 Apr 2011
This submission to the COAG Business Regulation and Competition Working Group relates to options for a future COAG Regulatory Reform Agenda.
The submission stated that before any future agenda items were agreed, a commitment should be made by COAG to complete the outstanding occupational health a...
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Content Type:
Policy Submission
06 Apr 2011
This submission to the Tasmanian Minister for Health, The Hon Michelle O’Byrne MP, sets out some of our views on the governance of Local Hospital Networks (LHNs). In particular, we noted the fact that LHNs will involve large budgets, complex activities and significant responsibilities for achieving...
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Content Type:
Policy Submission
30 Mar 2011
This submission to Federal Treasury sets out our views on the Discussion Paper 'The clawback of executive remuneration where financial statements are materially misstated', released by the Federal Government on 20 December 2010.
We noted our strong opposition to a mandated clawback provisi...
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Content Type:
Policy Submission
18 Feb 2011
This submission to Federal Treasury sets out our views on the Consultation Paper titled “Scoping Study for a National Not-for-Profit Regulator”, released by the Federal Government on 21 January 2011.
The submission noted Company Directors’ support for the overal...
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Content Type:
Policy Submission
27 Jan 2011
This submission to Federal Treasury sets out our views on the Exposure Draft of the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 (“the Draft Bill”) and accompanying Explanatory Memorandum (PDF), released by the Federal Government on 20 December 2...
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Content Type:
Policy Submission
09 Dec 2010
On 9 December 2010, the Australian Institute of Company Directors provided comments to the European Commission in respect of its Green paper titled Audit Policy: Lessons from the Crisis. Our submission noted that the EU should look to Australia’s audit regulation framework which is robust and stable...