The proposed Personal Liability for Corporate Fault Reform Bill 2012 (“Bill”) represents the first tranche of the Commonwealth Government’s response to the Directors’ Liability reform project, which forms part of the Council of Australian Governments’ National Partnership Agreement to Deliver a Seam

The report prepared by the Corporations and Markets Advisory Committee responds to a request from the Australian Government for advice on the suitability of the legislative definition of “derivative” for today’s derivatives markets and whether it may be possible to decrease complexity in this area o

The Corporations and Markets Advisory Committee has released a report examining the possibility of reducing the complexity of executive remuneration reports and revising the remuneration setting framework to simplify the incentive components of these arrangements.

The proposed rule and attached guidance describe the manner in which the Financial Stability Oversight Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Fran