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Reports & Submissions

ASIC options disclosure

ASIC has released draft guidelines on including options values in the disclosure of emoluments for directors and executive officers.

The proposed guidelines are for listed companies preparing annual directors’ reports for years ending on or after June 30 2003, and cover the valuation methods to be applied, as well as directions for allocating values between financial years.

ASIC expects listed companies to include amounts relating to granted options when disclosing the emoluments of each director, and each of the five highest paid executive officers.

The guidelines do not deal with the expensing of options of other share-based payments in the financial statements.

The draft guidelines are available from www.asic.gov.au, and comments can be sent to ASIC chief accountant, Greg Pound.

(greg.pound@asic.gov.au, or fax (03) 9280 3325)

The comment period closes May 23.

Busselton wetlands

A draft conservation strategy for the Busselton wetlands has been released for public comment until June 6.

The strategy is available from www.planning.wa.gov.au, the Western Australian Planning Commission in Bunbury, the Department of Conservation and Land Management in Busselton, and the GeoCatch Network Centre in Busselton.

Comment can be sent to corporate@planning.wa.gov.au, or to The Secretary, Western Australian Planning Commission, 469 Wellington Street, Perth WA 6000, and marked ‘Attention: Shane Kirk’.

Genetically modified canola

The Office of the Gene Technology Regulator is inviting written submissions on the protection of human health and the environment, in regard to a licence application.

Bayer CropScience has applied for the commercial release of seven lines of genetically modified canola in all canola growing areas of Australia.

The regulator has researched associated risks and produced for public consultation a risk assessment and risk management plan.

Submissions can be sent to the Office of the Gene Technology Regulator, PO Box 100 Woden ACT 2600.

The submissions period closes May 26.

Further information, copies of the plan, licence application and summary, are available from www.ogtr.gov.au and from 1800 181 030.

Northbridge building design controls

Public comment is invited until May 23 on an amendment to the East Perth Redevelopment Authority's Northbridge Planning Scheme.

The amendment stipulates measures for all new residential and commercial developments, with the aim of protecting homeowners and businesses from noise emissions from Northbridge nightlife.

South West rail services

The WA Government has released a discussion paper on costs and benefits associated with various options for improving passenger rail services between Perth and Bunbury and of extending these further south and west.

Public comment on the paper is invited until May 30.

Submission can be forwarded to the Department for Planning and Infrastructure, 441 Murray Street, Perth WA 6000 or through www.dpi.wa.gov.au/regional/.

The paper is available from DPI offices in Bunbury, www.dpi.wa.gov.au/regional, or (08) 9216 8721.

Warren-Blackwood Rural Strategy

A draft Warren-Blackwood rural planning strategy has been released for public comment until

June 27.

The strategy covers 1.4 million hectares in the shires of Boyup Brook, Bridgetown-Greenbushes, Manjimup and Nannup.

Copies of the strategy are available from www.planning.wa.gov.au and regional council offices.

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