Topic: Legislation

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Remove references to LIBOR in your contracts

Australian companies should completely cease reliance on new LIBOR products after 31 December 2021. ASIC, APRA, and the RBA expect no new contracts to reference the London Interbank Offered Rate (LIBO...

What the law reveals about our ethics

The law can be seen as a reflection of our ethics, so it’s interesting to look at recent legal developments and consider how they might be shifting the ‘ethical goalposts’. Here, ethics expert and for...

Turning it around

The Australian Human Rights Commission is urging directors to lead the change on inclusion by boosting employment for people with disability — and there are substantial performance benefits.

When organisational wellbeing became a necessity rather than a luxury

Health and safety is the single greatest risk faced by boards. With the ultimate responsibility and resulting consequences of health and safety governance practices resting with boards, identifying, q...

AICD progress on proxy advice, class action risk reforms

Issues confronting listed company directors remain in the spotlight and it’s pleasing to see progress on two of the AICD’s priorities – proxy adviser regulation and continuous disclosure reform. Below...

Payment Times Reporting Scheme

In a bid to drive better payment times to small business suppliers, large companies with turnover of more than $100M, and some large government authorities are now required to report on their payment ...

Does your board have an ethical AI toolkit?

The World Economic Forum (WEF) has released the Empowering AI Toolkit. The tool helps boards of directors develop an ethical approach to artificial intelligence.

Combating Illegal Phoenixing Bill 2019 passed

The Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 (Bill) has passed through the Parliament.

Your regulatory radar for 2020

As we start a new decade, we look ahead to major issues and regulatory changes that directors need to be across in 2020. Here’s a summary for the year ahead.

What directors need to know about the Westpac money laundering allegations

AUSTRAC’s allegations that Westpac failed in its anti-money laundering obligations and may have put children at risk have shocked the community. Here’s what directors need to know.
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