News Update

Year: 2013

  • Queensland moves ahead on director liability reform

    11/11/2013

    Company directors in Queensland have benefited from the passage of the Directors’ Liability Reform Amendment Act 2012 (Qld), with many of the provisions commencing on 1 November 2013. The Amendment Act removes Type 3 liability for directors, which effectively reversed the onus of proof.

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  • CEOs formulate strategy for boosting women in senior executive roles

    11/11/2013

    The Business Council of Australia has released a report advocating active recruitment, selection and retention practices to speed the progress of women to senior executive roles and retain identified talent. The practices are aimed at redressing the current imbalance of men being nine times more likely to reach senior executive ranks than women. The report is accompanied by a suite of best practice checklists on the role of the board and CEO, setting targets and measures to ensure accountability, creating an inclusive culture and the decision-making processes attached to recruitment, selection and retention.

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  • Bulk lodgment to help streamline charity reporting

    04/11/2013

    The Australian Charities and Not-for-profits Commission has announced the release of a bulk lodgment form for the Annual Information Statement for 2013.

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  • Commission of audit to bring a magnifying glass to the government

    04/11/2013

    The Treasurer and the Minister for Finance have announced the commencement of a National Commission of Audit to review the activities of the Commonwealth Government.

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  • Remuneration remains a key focus area

    04/10/2013

    The remuneration of directors and trustees of superannuation entities has taken centre stage following the passing of measures modelled on the framework for disclosure for companies in the Corporations Act 2001, and a recent study for ACSI revealing some trends in remuneration for listed entities.

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  • ASIC gives dual-registered charities clarity for uncertain times

    04/10/2013

    ASIC has provided some certainty about reporting obligations for charities that are registered with both ASIC and the ACNC. For such charities, ASIC has indicated that many registration and administrative requirements formerly required by the corporate regulator have been dropped in favour of reporting to the ACNC.

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