News Update

Year: 2014

  • ASX introduces online forms for announcing corporate actions

    09/09/2014

    ASX has advised listed entities that it is introducing online forms for announcing corporate actions as of 22 September 2014. While it will not be mandatory to use online forms for the first six months from implementation, ASX is encouraging listed entities to recognise the benefits of the new forms and also become early adopters. 

    Read more
  • Simplifying corporate bonds for retail investors

    09/09/2014

    The Bill amending the Corporations Act 2001 — the Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2014 — which simplifies the process of issuing bonds to retail investors simpler has now passed through both Houses of Parliament. It provides for a streamlined disclosure regime (compliance with the full IPO-style prospectus requirements under Ch 6 by listed companies is no longer required); changes to the civil liability provisions in respect to corporate bonds issued to retail investors; and clarifies the application of the defences in respect to misleading and deceptive statements and omissions in disclosure documents relating to corporate bonds issued to retail investors.

    Read more
  • ASIC reports on its regulation of corporate finance

    09/09/2014

    ASIC has published its first report on the regulation of corporate finance: Report 406 ASIC regulation of corporate finance: January to June 2014. Intended primarily for companies, lawyers, corporate advisers and compliance professionals working in corporate finance and mergers and acquisitions, it covers the types of issues that have caused ASIC to intervene and provides an overview of ASIC’s current policy initiatives in this space and where it expects to undertake further consultation. 

    Read more
  • Disclosure of analysts’ consensus by listed entities

    09/09/2014

    ASIC and ASX have confirmed that a listed entity is not required to release individual analyst forecasts or consensus estimates to the market under ASX Listing Rule 3.1 or the Corporations Act 2001. A listed entity that is considering publishing individual analyst forecasts or consensus estimates should carefully consider the risks that this may entail, as this will be interpreted by the market and/or the regulators as de facto earnings guidance.

    Read more
  • FoFA amendments before the Senate as vertical integration in financial planning examined

    09/09/2014

    The Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014, which was passed in the House of Representatives despite significant opposition from a range of parties, including the financial planning industry, has been referred again to the Senate Economics Legislation Committee for inquiry and report. This comes at a time when the Financial Services Inquiry (FSI) is examining the 6,300 submissions it has received on its interim report, in which it indicated that it was prepared to examine the vertical integration of the financial planning industry.

    Read more
  • Governance Institute wants you to unleash your inner blogger

    12/08/2014

    Do you have a great idea or point of view relating to governance and risk you’d like to share with other Governance Institute Members? Have you chalked up professional experiences, know-how or useful tips worth imparting to the governance community? Do you have a considered opinion on a governance-related issue or current event? In the spirit of encouraging Member participation, knowledge sharing and interaction, Governance Institute is inviting our Members to write guest blogs for the Governance Institute website. 

    Read more
13 - 18 of 41