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What's new
ASIC has issued a consultation paper, Proposed ASIC Market Integrity Rules — ASX and SFE Markets (CP 131), setting out its proposals on market integrity rules for trading, once it assumes the responsibility for supervision of trading of securities in Australia later this year. Submissions may be made to ASIC on the proposed framework up to 26 March... more
CSA has made a submission to ASX generally supporting the introduction of Listing Rule amendments covering company policies on trading in company securities. However, CSA was also concerned that the proposed requirement to disclose to ASX a change in trading policy within five days would be overly burdensome, or may lead to the inadvertent disclosure of significant information that the holds but is not yet in a position to announce information... more
The government has announced proposals to introduce a ‘proper purpose’ test regarding access to companies’ share registers. CSA welcomes the news as we have campaigned on reform in this area for many years... more
CSA welcomes the reforms contained in the exposure draft of the Corporations Amendment (Corporate Reporting Reform) Bill 2010, including the proposed introduction of a three-tiered differential reporting regime based on size for companies limited by guarantee, and the introduction of new provisions that simplify reporting for consolidated entities... more
Last year, the Tax Agent Services Act 2009 was passed with an aim of establishing minimum competency standards and requiring tax agents to be registered with the Tax Practitioners’ Board from 1 March. However, the requirement also extends to in-house tax advisers. While the Assistant Treasurer has announced that the government will pass regulations to exempt in-house advisers from being required to register, further clarification may also be warranted... more