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Showing 1 - 10 of 47 results for "Corporations Act"

Business calls for 12-month climate reporting delay

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
... apply and require confidence around mandatory obligations and the legal exposures that come with it under the Corporations Act, he added. "Investors need to be able to make informed decisions, risks and opportunities pertaining to climate are increasingly ...

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... accounting standard. The legislation would amend the Australian Securities and Investment Commission Act and the Corporations Act. Under the proposed legislation, entities who meet two of the three criteria - revenue of $500 million or more, assets of ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... not-yet-introduced legislation. The federal government has a tight timeline to meet to hit its deadline. Under the Corporations Act, the Australian Securities and Investments Commission (ASIC) imposes personal liability risks for directors. This will ...

Task Force on Climate-Related Financial Disclosures disbanded

ROSE MARY PETRASS  |  WEDNESDAY, 27 DEC 2023  |  NEWS
... planning. Climate-related financial disclosure requirements would be drafted as civil penalty provisions in the Corporations Act.

Research flags need for comprehensive ESG reporting

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
... support the issuing of an Australian equivalent of IFRS S2 for climate reporting and its mandate through the Corporations Act, which is currently undergoing a public consultation process. We also recommend extending this mandatory approach to broader ...

Nature-related risk a potential risk to directors

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
... both those things and work out the implications of how you manage and disclose risks under section 180 [of the Corporations Act]." The opinion links nature-related risk disclosure to s 180 of the Corporations Act, which sets out the g that a company ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... planning. Climate-related financial disclosure requirements would be drafted as civil penalty provisions in the Corporations Act. It is suggested this would "reduce uncertainty for reporting entities and encourage companies to take best efforts to use ...

Are companies drowning in a sea of ESG requests?

ROSE MARY PETRASS  |  WEDNESDAY, 17 MAY 2023  |  NEWS
... managing director and CEO of the Australian Institute of Company Directors. Rigotti argued that at 3900 pages, the Corporations Act 2001, Rigotti argued, is overly complex and difficult for businesses to understand, echoing the criticisms of former judge ...

Activist investor launches Santos campaign

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023  |  NEWS
... appear to be creating these suboptimal outcomes." The two-strikes rule was brought in as an amendment to the Corporations Act. If more than 25% of a company's shareholders vote down two annual remuneration reports in a row, this triggers a vote on ...

ASX sees first strike against remuneration report

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
... all in agreement that the system needs to be right." The two-strikes rule was brought in as an amendment to the Corporations Act. If more than 25% of a company's shareholders vote down two annual remuneration reports in a row, this triggers a vote ...
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