Improving Australia's Corporate Reporting Framework

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Abstract:

The Minister for Financial Services, Superannuation and Corporate Law has released an exposure draft of the Corporations Amendment (Corporate Reporting Reform) Bill 2010, the associated regulations, commentary to explain the proposed amendments, and the draft Regulation Impact Statement.

The proposed reforms comprise of a range of measures to improve Australia’s corporate reporting framework, by reducing unnecessary red tape and regulatory burden on companies and implementing a number of other important refinements to the regulatory framework.

The Government is seeking written submissions on the draft amendments by close of business Wednesday 3 February 2010.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically, by post or by facsimile, electronic lodgment is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Wednesday, 3 February 2010

Address written submissions to:
The Manager
Corporate Reporting and Accountability Unit
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: corporatereportingreforms@treasury.gov.au

For enquiries, please call Mr Bede Fraser on (02) 6263 3312.

Documents Available:

 Acrobat (PDF)

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