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Content Type:
CDM Article
01 Jun 2010
ASIC plans to introduce disclosure benchmarks against which infrastructure entities will have to report.
Greg Medcraft
explains how these will work.
Improving disclosure by infrastructure entities
Over the last decade, there has been a steady increase in privately funded infrast...
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Content Type:
CDM Article
01 Feb 2010
Greg Medcraft
discusses ASIC’s efforts to build confidence in securitisation markets.
Building confidence in securitisation markets
With the darkest days of the global financial crisis now passed, the Australian Securities and Investments Commission (ASIC) is actively working with...
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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...
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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...
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Content Type:
CDM Article
01 Aug 2009
ASIC’s
Michael Dwyer
provides some guidance for company directors ahead of the financial reporting season.
ASIC’s financial reporting guidance
Many company directors will be working to finalise the financial reports for the 30 June 2009 reporting period. The Australian...
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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...
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Content Type:
CDM Article
01 Jun 2009
Regulating share trading by insiders
The recent jailing of former Queensland Gas Company company secretary Mukesh Panchal on four charges of insider trading provides a timely opportunity to examine the regulation of trading by company insiders, including what the law says and its effect on market c...
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Content Type:
CDM Article
01 May 2009
Belinda Gibson
reviews some of the highlights from ASIC’s recent Summer School.
Lessons from the boardroom
The Australian Securities and Investments Commission’s (ASIC) 2009 Summer school was titled The big issues for our financial markets. The biggest issue of course was, and continues ...
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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...
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Content Type:
CDM Article
01 Apr 2009
Dr John Stuckey
recently told an ASIC Summer School dinner in Sydney that markets, not more regulation, would fix the global financial system, although some regulatory fiddling might also help. Here is an edited excerpt from his speech.
Leave it to the markets
Today I spent time sitting ...
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Content Type:
CDM Article
01 Mar 2009
Insolvency: Act early
The year ahead is expected to be one of the toughest facing company directors for many years. The uncertain economic climate is placing significant strain on corporate cash flows and profits. Already, statistics collated by the Australian Securities and Investments Commission ...
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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...
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Content Type:
CDM Article
01 Feb 2008
ASIC’s Agenda for 2008
This year will be a very important one for ASIC. By the middle of the year, we will have published two significant contributions to public discussion about corporate regulation, one in the area of capital markets and the other in retail investment oversight. We will also be f...
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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...
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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...
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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...