The Large Business Stewardship Group (LBSG) met in Canberra on the 29th of March. The attached agenda refers, please refer to my key observations under the relevant agenda items.  

Issue: SUMMARY OF CAPITAL MARKETS WORKING GROUP DISCUSSIONS Author: Chris Davis Orica CFO Action: For NOTING   On Friday 14 December 2018 the Capital Markets Issues Working Group (“the Group”) met with representatives from both AIRA and the G100. This being the third meeting the key priorities that were focussed on in the session included:- … Continued

The External Reporting Working Group (ERWG) had its first check in for 2019 on Tuesday 19 February.   A summary of discussion topics is as follows: Large Proprietary Company Thresholds: Treasury initiated a consultation process in November around “Reducing the financial reporting burden by increasing the thresholds for large proprietary companies” (see https://www.treasury.gov.au/consultation/c2018-t342318/).   The … Continued

Proposed scope of G100 Working Group ‘Future of the finance profession’   Update report to G100 National Executive meeting following discussions held in January with Andrew Porter, Stephen Woodhill and Pam Bains   Background Finance functions and the role of the CFO have been evolving and with the widespread implementation of automated processes, data driven … Continued

Marc Lewis, Head of the Tax Reform Working Group (TRWG)   Purpose To provide a summary of the recent activities undertaken by the TRWG and other relevant emerging issues.   Revenue Authority Engagement Finalised Central Management and Control Publications As previously advised, the Australian Taxation Office (ATO) had released the following draft publications for consultation: … Continued