Media releases

Year: 2012

  • Proposal to give APRA extraordinary powers fraught with problems


    Proposals toStrengthen APRA’s Crisis Management Powersthat would enable APRA to direct a regulated financial institution not to disclose material information to the market at a time of financial distress could force directors to breach stringent continuous disclosure provisions for which they will be held  personally liable, Chartered Secretaries Australia (CSA) warns.

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  • Referral of powers the next priority for NFP reform


     With the Australian Charities and Not-for-profits Commission (ACNC) opening for business today and widespread support for an inclusive ongoing consultation process on all aspects of regulatory reform, the next priority must be a referral of powers to the Commonwealth to ensure the ACNC can be a one-stop-shop regulator for all NFPs, says Chartered Secretaries Australia (CSA).

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  • Governance initiative offers $15,000 scholarships to NFPs


    In a governance-first Chartered Secretaries Australia (CSA), the Origin Foundation and Australian Scholarships Foundation (ASF) are offering five full scholarships, with a total value of almost $15,000, to directors and senior managers in not-for-profit (NFP) organisations to undertake CSA's Certificate in Governance for Not-For-Profits course.

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  • New guidelines on how to mitigate risk of ‘second strike’


    With more than 500 directors on the boards of the 108 listed companies facing the potential risk of a ‘second strike’ on the remuneration report in the current AGM season, Chartered Secretaries Australia (CSA) has released new guidelines to assist those directors and companies to mitigate the risk of a ‘second strike’ and a board spill.

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  • Effective disclosure in an operating and financial review


    ASIC has released a consultation paper setting out its proposed new guidance on how to prepare an operating and financial review in a directors’ report for a company, registered managed investment scheme or listed entity. Consultation is open until 23 November.

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  • New Panel will shape the future of governance in Australia


    A former cabinet Minister and the previous chairman of the Australian Securities and Investments Commission (ASIC) are among eight outstanding Australians appointed to the inaugural Chartered Secretaries Australia (CSA) Governance Advisory Panel which has been established to promote improvements in governance, policy direction and practice.

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