Australian listed companies will soon be required to make market disclosures of any JobKeeper payments they received during the COVID-19 pandemic.
The Treasury Laws Amendment (2021 Measures No. 2) Bill 2021 was passed by Parliament on 2 September 2021 and commenced on 14 September. The Government supported an amendment in Schedule 3 of the Bill moved by One Nation that requires listed companies to disclose to the market any JobKeeper payments received and any voluntary repayments made – by as early as 13 November 2021.
The imminent introduction of Director IDs – a unique identifier designed to help stamp out illegal phoenixing and other fraudulent activity – will impact two million directors across Australia as they transition to the new system.
Governance Institute has been busy responding to queries from the not-for-profit (NFP) and charity sector about the likely impact of Director IDs on them, providing clarity on timelines and enforcement and clarifying who exactly must comply.
In our lead article, we wrap up the key issues that the NFP sector needs to keep in mind as they prepare for this major overhaul.
The major issues impacting the sector will also be canvassed at our Not-For-Profit Governance Forum on 9 December.
The world’s first mental health standard, ISO 45003:2021, offers a guide to help employers reduce workforce psychosocial risk. It has the potential to be a game-changer for how organisations approach mental health in the workplace. (Sponsored article)
Director IDs – a unique identifier designed to help stamp out illegal phoenixing and other fraudulent activity - are coming soon.
With more than two million directors set to be transitioned onto the new system, it is a major project and a key part of the modernisation of Australia’s business registries, particularly as we begin the potentially long COVID-19 recovery.
We outline what you need to do now to ensure you are ready for the fast-approaching changes.
A new report outlines how financial crime experts are managing anti-money laundering compliance across the globe and ways you can stay on top of financial crime matters. (Sponsored article)