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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Resetting an effective risk culture

With the experiences of 2020 and the COVID-19 pandemic affecting companies' high-level thinking, businesses are revisiting their risk profiles and risk appetite statements and there’s been a not...

Continuous disclosure reforms to be made permanent and other COVID-19 relief extended – what directo...

In welcome news, the Treasurer has announced his intention to legislate permanent reform to continuous disclosure laws and extend relief for virtual AGMs and electronic communications until 15 Septemb...

AICD welcomes permanent changes to Australia’s continuous disclosure laws

The Australian Institute of Company Directors (AICD) has welcomed the Government’s announcement today that there will be permanent changes to Australia’s continuous disclosure laws.

Why the Worley court action is a landmark case for boards

A recent landmark court decision on class actions is being interpreted as a signal to boards and directors that they may successfully defend class actions if they can show they took reasonable steps t...

Inquiry into the regulation of the class actions regime

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

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

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

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

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

The Federal Government is easing continuous disclosure rules for six months to help listed entities deal with the uncertainty cause by COVID-19.
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