International Law

Proposed Bills for introduction

By David Jacobson

The Bills proposed for introduction and passage in the Winter sittings of the Commonwealth Parliament include:

Corporations Amendment (Corporate Reporting Reform) Bill
- cut red tape for unlisted public companies limited by guarantee, streamline parent entity reporting, provide greater flexibility for companies to pay dividends and to more easily change their year-end reporting dates
- improve disclosures in the directors? report, refine the framework for solicitor representation letters, provide greater recognition of compliance with international financial reporting standards and refine the framework for lost capital reductions

Superannuation Legislation Amendment Bill (No. 1)
- prevent product providers from marketing excessively risky products to superannuation funds

Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill -
enhance the Australian Prudential Regulation Authority?s (APRA?s) ability to regulate bodies in the financial sector in accordance with prudential laws

Paid Parental Leave Bill
Paid Parental Leave (Administration) Bill
Paid Parental Leave (Consequential Amendments) Bill
- introduce Australia?s first comprehensive, statutory paid parental leave scheme, as announced by the Government in the 2009 Budget

Full post as published by Australian Regulatory Compliance Review on May 09, 2010 (boomark / email).