Summary
Introduced with the Corporations (Fees) Amendment Bill (No. 2) 2003, the bill amends the:
Australian Securities and Investments Commission Act 2001
and
Corporations Act 2001
in relation to audit oversight and auditor independence; financial reporting; classes of officers, senior managers and employees;
Australian Securities and Investments Commission Act 2001
,
Corporations Act 2001
and
Trade Practices Act 1974
to implement proportionate liability in respect of economic loss or damage to property;
Corporations Act 2001
in relation to: enforcement arrangements in the event of corporate misbehaviour; remuneration of directors and executives; continuous disclosure and infringements; disclosure rules; shareholder participation and information; conflicts of interest of financial services licensees. Also contains application and transitional provisions.