Chartered Secretaries Australia (CSA) is the peak professional body for governance professionals
What's new
The government has introduced the Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009 into Parliament. The bill aims to limit termination payments for company officers to the equivalent of one year's base salary, before shareholder approval is required... more
The Federal Parliament has passed legislation which makes a criminal offence of some cartel conduct. Substantial fines and jail terms have been introduced to bring Australian law into line with many other OECD countries... more
The Trade Practices Amendment (Australian Consumer Law) Bill 2009 has been introduced into Parliament. The bill proposes to create a single national consumer law and unfair contract terms legislation that applies nationally... more
The government has issued a proposed package of ideas for reforms relating to share register access and the regulation of unsolicited off-market share offers. One of the options is for the introduction of a proper purpose test for access to the register. The government is calling for submissions on the proposed reforms... more
While CSA agrees with the intent of the government's proposed bill to target golden handshakes for poorly performing executives, CSA proposes a principles-based approach allowing shareholders to retain control of remuneration while eliminating the costs of having to obtain approval for payments that are not of concern... more