ASIC

Posted by & filed under Members Update June 2015.

ASIC has introduced an improved way of communicating information to investors and other users which enables companies to prepare and lodge human readable digital financial reports with ASIC using on-line XBRL (iXBRL) which removes the need for separate lodgment of a pdf-format or paper financial report. Digital financial reports using iXBRL: will be human readable,… Read more »

ASX

Posted by & filed under Members Update June 2015.

ASX continuous disclosure: The G100 submission on proposed changes to Guidance Note 8 ‘Continuous Disclosure’ is available on the website. The amended ASX guidance is expected to apply from 1 July 2015.

Corporate reporting

Posted by & filed under Members Update June 2015.

IFRS 15 ‘Revenue from contracts with customers’: The IASB has tentatively decided to defer the mandatory implementation date of IFRS 15 for one year until January 2018. This follows a similar move by the FASB in response to concerns that constituents needed more time to make the transition.  The IASB has issued ED/2015/2C ‘Effective date… Read more »

G100 Discount Rate

Posted by & filed under Members Update June 2015.

The G100 Discount Rate project has been completed. The G100, in conjunction with the Actuaries Institute of Australia) commissioned Milliman Australia to undertake research in relation to the corporate bond market in Australia. Specifically, the objective of the research was to determine whether there was a sufficiently observable, deep and liquid market in high quality… Read more »

Taxation

Posted by & filed under Members Update June 2015.

As part of its participation in the debate on tax reform, the G100 has published ‘Let’s have a real debate about tax reform to keep Australia strong’. The document, which was distributed at the President’s Dinner and Congress 2015, is available on the website www.group100.com.au. The G100 has finalised its submission to the Government on… Read more »

Integrated Reporting

Posted by & filed under Members Update June 2015.

The 100 Group (UK) has issued a paper on integrated reporting titled ‘How does it fit in the UK?’ which sets out the key points and evidence for the adoption of integrated reporting in the UK. The South African Institute of Chartered Accountants has published ‘Integrated thinking, an exploratory survey’ and the Integrated Reporting Committee… Read more »

Executive Membership

Posted by & filed under Members Update June 2015.

Mark McNamara – Fletcher Building Limited and Colin Pavlovich – Wesfarmers Limited, who have filled casual vacancies were welcomed to the Executive. Mark Davis – Computershare Limited, resigned from Executive because of work commitments.

Congress 2015

Posted by & filed under Members Update June 2015.

The G100 Congress 2015, held at the Westin Sydney on 20 May was extremely successful and was attended by more than 140 delegates. President Neville Mitchell’s speech at the opening of Congress focused on tax reform and deregulation and is available on the website. Sessions on streamlining financial reports emphasized the work and planning involved… Read more »

President’s Dinner

Posted by & filed under Members Update June 2015.

Alex Malley, CEO CPA Australia, spoke at the President’s Dinner at the Westin Sydney on 19 May 2015. Members and guests were informed on the importance of the use of technology and social media for engaging with members and the broader community.