In the landscape of Australian Business, government and not-for-profit, the strategic management of data has become increasingly vital. However, as we see time and time again in data breaches, data can also pose a significant risk to organisations if not properly managed.
In Australia, changing the auditor of a public company involves following specific procedures outlined in the Corporations Act 2001 (ACT) and the Australian Securities and Investments Commission (ASIC) regulations. Here’s a general overview of the steps involved.
On 7 December 2023, the Australian Government introduced legislation to abolish the Administrative Appeals Tribunal (AAT) and establish a new review body called the Administrative Review Tribunal (ART). These bodies represent the federal system for reviewing decisions made under Commonwealth laws in areas including social security payments, migration, taxation and the NDIS.
On 22 November 2023, the Australian Government released its 2023-2030 Australian Cyber Security Strategy (the Strategy). The Strategy aims to realise the Australian Government’s vision of becoming a world leader in cyber security by 2030. The Strategy seeks to protect Australians by improving cyber security, managing cyber risks, and better supporting Australians and organisations to manage …
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Probity is the evidence of ethical behaviour, and can be defined as complete and confirmed integrity, uprightness and honesty in a particular process. When dealing with government resources officials need to ensure proper use and management of public resources. Probity aims to identify the risks which can occur at any stage of a process and …
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Whether your organisation is a company limited by guarantee, not for profit or start-up, a Governance Manual, or Governance Charter, could prove useful in the short and long term operation of your organisation. What is a Governance Manual? A Governance Manual is a central document which contains information about most aspects of the operations and …
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During the Covid Crisis, the Government has twice had to introduce changes to allow companies to meet and carry out key functions such as executing documents without breaching public health orders. While there are provisions in place to allow the 2021 AGM season to proceed, permanent changes to the Corporations Act are currently under consideration.
All company directors will soon be required to apply to ASIC to obtain their own unique Director Identification Number (DIN). The Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill (the Amendment), part of the Government’s legislative package to introduce the Commonwealth Registers Act, has now passed both houses of parliament. Pending royal assent, it …
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The States and Territories have introduced some temporary changes affecting incorporated associations. The changes are in response to the COVID-19 pandemic and are to accommodate for new social distancing laws. Incorporated associations in the ACT ACT-based incorporated associations have been granted a 3-month extension on their Annual General Meeting (AGM) requirements, applicable up until 30 …
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As a result of the Corona Virus Outbreak (COVID-19) and social isolation restrictions, many organisations are finding it impossible hold their AGM. For companies with a financial year end of 31 December, AGMs are generally required to be held by 31 May. However, the Australian Securities and Investments Commission (ASIC) has relaxed this requirement. ASIC …
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