Posted by Judith Fox, Director, Policy on 17/09/2012
The passage of the legislation to establish Australia’s first NFP regulator, the Australian Charities and Not-for-profits Commission (ACNC), is embroiled in party politics.
Posted by Judith Fox, Director, Policy on 31/08/2012
There has been a great deal of angst over the reform to the NFP regulatory framework over the past months. The version of legislation to establish the Australian Charities and Not-for-profits Commission (ACNC) that was issued at the start of the year was deeply worrying, as it mixed up prescriptive detail about governance arrangements for charities and other NFPs with the statutory and enforcement powers of the new regulator.
Posted by Judith Fox, Director, Policy on 18/05/2012
For months, CSA has been plugging for the separation of the legislation establishing the new regulator, the ACNC, from the legislation governing the entities it regulates. It often felt that our commonsense approach was falling on deaf ears, but it did not stop us trying every method available to us to get the message through.
Posted by Tim Sheehy, Chief Executive on 03/04/2012
When asked when directors should disclose market-sensitive information, Australian Securities and Investments Commission chairman Greg Medcraft is quoted as saying: ‘Well, it says immediately. It seems pretty clear to me.’ What is so clear to Mr Medcraft is very unclear to the rest of us.
Posted by Judith Fox, Director, Policy on 06/03/2012
The hoped-for simplification of the remuneration report is not on the cards, but clawback is. As remuneration is one of the few windows onto board decision making, companies need to engage with investors early to step them through their plans for remuneration and to seek feedback before structures are put in place and cannot take into account any input.
Posted by Judith Fox, Director, Policy on 05/03/2012
The start date for the ACNC has been postponed by three months. But there are still many questions surrounding the NFP reform process. When will charities have to start reporting to the ACNC? Which member of the government has carriage of the reform process? And will the legislation reflect a change of approach as recommended by stakeholders?
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