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Corporations Amendment (Corporate Reporting Reform) Act 2010
- By Rob Mackay
- Published 8/07/2010
- July 2010
- Unrated
Corporations Amendment (Corporate Reporting Reform) Act 2010
On 28 June 2010, the Corporations Amendment (Corporate Reporting Reform) Act 2010 received Royal Assent. As a consequence, some significant statutory changes have been made that will affect areas such as financial reporting as at 30 June 2010 and the ability to pay dividends. The Corporations Amendment Regulations 2010 (No. 6) were also enacted on 29 June 2010 which impact the disclosures in consolidated financial reports.
The purpose of the reforms was to reduce red-tape, improve accountability and transparency of disclosures and refine the reporting framework. An outline of the amendments and their effective date are included below.
Contact
On 28 June 2010, the Corporations Amendment (Corporate Reporting Reform) Act 2010 received Royal Assent. As a consequence, some significant statutory changes have been made that will affect areas such as financial reporting as at 30 June 2010 and the ability to pay dividends. The Corporations Amendment Regulations 2010 (No. 6) were also enacted on 29 June 2010 which impact the disclosures in consolidated financial reports.
The purpose of the reforms was to reduce red-tape, improve accountability and transparency of disclosures and refine the reporting framework. An outline of the amendments and their effective date are included below.
Contact
Rob Mackay
T +61 3 8635 1800
rmackay@moorestephens.com.au
www.moorestephens.com.au
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Article Series
This article is part 1 of a 3 part series. Other articles in this series are shown below:
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Corporations Amendment (Corporate Reporting Reform) Act 2010