Article Search Results

• ASIC Report Responsible handling of information

  Content Type: CDM Article

  01 Dec 2009

  Belinda Gibson provides details on two ASIC initiatives to encourage the responsible handling of inside information and rumours. Responsible handling of information Earlier this year, the Australian Securities and Investments Commission (ASIC) began two formal studies into market practic...

• ASIC Report November 09

  Content Type: CDM Article

  01 Nov 2009

  Michael Kingston provides some recent examples of how ASIC has used enforcement to promote good governance. Enforcing good governance The Australia Securities and Investments Commission (ASIC) and AICD share a similar goal – to achieve the highest standards of governance and directorship...

• ASIC Report October 09

  Content Type: CDM Article

  01 Oct 2009

  Tony D’Aloisio discusses the regulatory challenges of achieving the right balance between efficiency and retail investor protection. Efficiency vs investor protection There have been calls for changes to financial sector and capital markets regulation since the global financial cr...

• ASIC Report Effective disclosure builds market confidence

  Content Type: CDM Article

  01 Sep 2009

  Belinda Gibson details some of the projects ASIC has initiated over the past year to ensure the maintenance of good disclosure practices in the wake of the global financial crisis. Effective disclosure builds market confidence During this period of economic turbulence, a key objective of...

• ASIC Report Swimming between the flags

  Content Type: CDM Article

  01 Jul 2009

  Swimming between the flags The market downturn has highlighted how exposed many Australian retail investors are to flawed business models and failed investments. In too many cases this has caused them devastating financial losses. There are many dimensions to poor financial outcomes for retail inve...

• ASIC Report Restoring confidence in credit ratings

  Content Type: CDM Article

  01 Apr 2009

  Restoring confidence in credit ratings In November last year, Minister for Superannuation and Corporate Law, Nick Sherry, announced significant reforms to the regulation of credit rating agencies (CRAs) in Australia. This followed a review conducted by the Australian Securities and Investments Comm...

• ASIC Report Disclosing your financial position Sep 08

  Content Type: CDM Article

  01 Sep 2008

  Disclosing your financial position In the current environment, the market’s attention is very much focused on the financial position of companies. As a director you often need to make difficult judgement calls when finalising accounts and making announcements about the results. At ASIC, we are very...

• ASIC Report Bolstering audit committees May 08

  Content Type: CDM Article

  01 May 2008

  Bolstering audit committees Audit committees are an important element in a corporate governance framework. This importance has been recognised in many jurisdictions across the world, including Australia. The Australian Securities and Investments Commission (ASIC), together with the accounting bodie...

• ASIC Report Now that summer school s out Mar 08

  Content Type: CDM Article

  01 Mar 2008

  Now that summer school’s out In the last edition of Company Director, I outlined the capital markets initiatives that the Australian Securities and Investments Commission will be pursuing in the next 12 months. The February ASIC Summer School was in some respects the public launch of those and I am...

• ASIC Report

  Content Type: CDM Article

  01 Dec 2006

  Disclosure in speculative sectors We are continuing to review disclosure patterns and practices in a number of speculative market sectors. This follows our successful recent review that highlighted small and mid-cap mining entities with a pattern of very frequent disclosure alongside share price in...

• ASIC Report

  Content Type: CDM Article

  01 Nov 2006

  Disclosure obligations: some recent lessons A recent judgement by the Federal Court gives some useful lessons for listed entities wanting to minimise the consequences of breaching disclosure obligations. In 2004, ASIC started civil penalty proceedings against Chemeq Ltd, a company which produces a ...

• ASIC Report

  Content Type: CDM Article

  01 Oct 2006

  Complying in the AGM season The annual general meeting (AGM) season is fast approaching and I thought it an opportune time to mention a couple of important compliance issues for listed companies. ASIC will be looking closely at any trends or issues emerging from the 2006 AGMs by monitoring complain...

• ASIC Report

  Content Type: CDM Article

  01 Sep 2006

  Adapting the law One way we may be able to help your organisation is to exempt a person or class of persons from particular provisions of the Corporations Act or to modify how particular provisions apply to a person or class of persons. Generally we vary, or set aside, certain requirements of the l...

• ASIC Report

  Content Type: CDM Article

  01 Aug 2006

  Investigating assetless companies The recently established Assetless Administration Fund (AA Fund) finances preliminary investigations of ‘assetless’ companies when it appears that further investigation and reporting may lead to us taking enforcement action. This approach uses liquidators to ensure...

• ASIC Report

  Content Type: CDM Article

  01 Jul 2006

  Help us reduce the regulatory burden Right now there is a lively and healthy debate about the cost and impact of regulation and we are aware of the views that you have expressed about us and the regime we administer. We are now actively looking for better, more efficient and effective ways of reduc...

• ASIC Report

  Content Type: CDM Article

  01 May 2006

  By Allan Bulman, Director, Compliance, Australian Securities & Investments Commission Keep your prospectus clear, concise and effective As a company director, it is your responsibility to comply with the disclosure provisions of the Corporation Act (2001) in respect of prospectuses your co...