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Australian institute of Company Directors (beta)
Topic: Class actions
A class action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member of the group.
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Governance Leadership Centre
Inquiry into the regulation of the class actions regime
18 June 2020
On 11 June 2020, the AICD made a submission to the Parliamentary Joint Committee on Corporations and Financial Services’ Inquiry into the regulation of the class actions regime.
Time to close the class action paradise
15 June 2020 | Angus Armour FAICD
The government has rightly eased some demands of the continuous disclosure rules. A more balanced system is needed once the virus emergency passes.
Rethinking class actions
1 June 2020 | Christian Gergis GAICD
We need boards focused on value creation, not fending off value-destroying litigation, writes AICD head of policy Christian Gergis.
Class action risk and COVID-19
1 June 2020
Legal experts warn that temporary reforms aimed at shielding directors from the threat of class actions could have unintended consequences.
AICD submission to the Senate Select Committee
28 May 2020
On 28 May 2020, the AICD made a submission to the Senate Select Committee on COVID-19. The submission focuses on the AICD’s current perspective on regulatory and reform priorities to accelerate ...
COVID-19: Government eases continuous disclosure rules for six months
26 May 2020
The Federal Government is easing continuous disclosure rules for six months to help listed entities deal with the uncertainty cause by COVID-19.
Litigation funders to be subject to greater regulatory oversight
22 May 2020
The Federal Government has announced that litigation funders will need to hold a financial services licence and comply with the managed investment scheme regulatory regime.
Letter to Treasurer and Attorney-General re. continuous disclosure relief
1 April 2020
On 1 April 2020, the AICD sent a letter to the Treasurer and the Attorney-General noting our concern with the particular challenges for boards and companies required to comply with continuous disclosu...
ASX listed boards face threat of shareholder class actions
1 December 2019 | Louise Petschler MAICD
The TPT Patrol v Myer Federal Court decision represents a significant shift for director liability, says AICD's head of Advocacy Louise Petschler.
AICD supports regulatory regime for class action funders
8 November 2019
The Australian Institute of Company Directors (AICD) supports calls to regulate the litigation funding market, noting that a week on from the TPT Patrol v Myer decision there are concerns that an incr...