Policy

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Submissions to AASB on special purpose financial statements and simplified disclosure

The AICD has made a submission to the AASB accepting the need to remove special purpose financial statements with a request that the transition period be moved to two years to allow a proper adjustmen...

Federal Parliamentary Inquiry into Regulation of Auditing in Australia

The Parliamentary Joint Committee on Corporations and Financial Services is holding an inquiry into the regulation of auditing in Australia. Public hearings will be held across November and December w...

Prudential Standard CPS 511: Remuneration

On 22 October 2019, the AICD lodged a submission with APRA on draft prudential standard CPS 511.

Consultation on Exposure Drafts – ASIC Legislation

On 9 October the AICD made a submission to Treasury on exposure drafts of legislation proposing to increase the powers of ASIC. Treasury were seeking feedback on five pieces of legislation, the AICD r...

ATO Practical Compliance Guideline on the expansion of the estimates regime to the GST

Since 2012 the Australian Tax Office has had the power to make an estimate of the liability of a company when it believes there has been unlawful withholding of PAYG tax or superannuation guarantee ch...

Inquiry into the Modern Slavery Act 2018 and Associated Matters

On 4 October 2019, the AICD provided a submission to the Legislative Standing Committee on Social Issues in relation to the parliamentary inquiry into the Modern Slavery Act 2018 (NSW).

Consultation Paper 321: Whistleblower policies

On 18 September 2019, the AICD provided a submission to ASIC on ASIC’s proposed guidance on whistleblower policies.

NSW Modern Slavery Regulation 2019

On 13 September 2019 the AICD lodged a submission with the NSW government on the draft NSW Modern Slavery Regulation 2019 (the Regulation).

AASB Accounting Standards – Revised definition of not-for-profit (NFP) entity

On 9 September the AICD made a submission to the Australian Accounting Standards Board on their proposal to amend the definition of a not for profit entity and provide implementation guidance on the n...

Consultation RIS: In-service safety for automated vehicles

On 26 August 2019, the AICD made a submission on the Consultation Regulation Impact Statement on how to ensure automated vehicles are able to operate legally on Australian roads and support their safe...
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