Search

ASIC relief on remuneration disclosures

ASIC has announced relief to assist listed companies in reporting director and executive remuneration disclosures. ASIC Class Order Transfer of remuneration information into directors’ report will apply to listed companies preparing financial reports under Chapter 2M of the Corporations Act. The class order will allow listed companies to transfer remuneration information required to be disclosed in the financial report under accounting standard AASB 124 Related Party Disclosures into the directors’ report. This will enable listed companies to combine the remuneration disclosures required by accounting standards with those already required to be included in the directors’ report under s.300A of the Act. Companies will be able to reduce the duplication of remuneration information between the directors’ report and the financial report, and present the information in a manner that is more convenient to users of their annual reports. The class order will replace regulations that provided similar relief up to, but not including, years ended 31 December 2005.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer