ASX

Posted by & filed under Members Update June 2016.

ASX Trading Policies: The ASX has issued a revised Guidance Note – ‘Trading Policies’. It addresses: why listed entities are expected to have a trading policy who should be restricted from trading in a listed entity’s securities when should trading in a listed entity’s securities be restricted what types of trading should be restricted exceptions… Read more »

Corporate reporting

Posted by & filed under Members Update June 2016.

Financial Instruments: The AASB has issued the complete version of AASB 9 (2014) ‘Financial Instruments’ which supersedes AASB 9 (2009), AASB 9 (2010) and AASB 139. This standard applies to annual reporting periods beginning on or after 1 January 2018. Early adoption is permitted. For details and impact of the changes refer to the AASB… Read more »

Discount rates

Posted by & filed under Members Update June 2016.

The G100 project is well advanced and it is expected that a guidance document will be issued in March/April 2015 to be available for use in the valuation of employee liabilities for reporting periods ending 30 June 2015.

Cost of regulation

Posted by & filed under Members Update June 2016.

Executive continues to monitor developments and G100 staff will meet with policy advisors to further discuss progress on the range of matters raised in the G100’s submission. Following discussions with the Department of Prime Minister and Cabinet, the present emphasis is on a small number of recommendations that focus on the dollar impact and which… Read more »

Integrated Reporting

Posted by & filed under Members Update June 2016.

The IIRC received more than sixty submissions, on its consultation on assurance, which are available on the IIRC website. Key themes that emerged from the submissions and roundtables included the need for engagement with assurance professionals and to consider broader issues of credibility and trust subject to cost benefit considerations.

28 January Members’ Dinner in Melbourne

Posted by & filed under Members Update June 2016.

Paul Abbey, Partner PwC, spoke at the dinner on ‘Tax Reform: the challenges for the year ahead’. Key areas of the presentation and discussion were the Federal Government’s process, major issues for business and the reform options. Members were informed that the protection of tax breaks by interest groups is a major impediment to comprehensive… Read more »