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Corporate Compliance
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AASB Amends AASB 139 and AASB 7 - Reclassification of Financial
Assets
On 13 October 2008, the International Accounting Standards
Board (IASB) published amendments to IAS 39 'Financial Instruments:
Recognition and Measurement' and IFRS 7 'Financial Instruments:
Disclosures'.
IASB Issues Discussion Paper on Presentation of
Financial Statements
In October 2008, the International Accounting Standards
Board (IASB) published for the public comment a Discussion Paper (DP)
entitled Preliminary Views on Financial Statement Presentation.
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December 2008
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Wednesday 31
Associations incorporated in NSW
with
a 30 June balance date
Deadline for holding
annual general meeting (or
within six months
of balance date if the balance date is not 30 June)
Associations incorporated
in Tasmania with a 30 June balance date
Deadline for issuing
financial report to the Registrar and lodging annual return (or
within six months of balance date if the balance date is not 30 June)
Associations incorporated
in the ACT, or prescribed associations incorporated in South Australia
with a 30 June balance date
Deadline to lodge annual
return (or within six
months of balance date if the balance date is not 30 June)
Associations incorporated
in Victoria with a 30 June balance date
Deadline to lodge annual
return (or one month
after annual general meeting, if that date is earlier)
Companies appointed as
local agents of a foreign company with 30 June balance date
Deadline to lodge form 406
Annual return of a foreign company (or
within one month after the date of annual
general meeting)
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January 2009
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Friday 30
Branch insurers and
licensed insurers
Deadline to lodge forms with the Australian Prudential
Regulation Authority (APRA) the December
quarter containing information
based on the insurer's financial year
to date
Large proprietary
companies with 31 December balancing dates availing themselves of
audit relief under class order 98/1417
Deadline by which
directors' and members' resolutions for the company to not be
audited for the year ending 31 December 2008 may be passed, and notice
of resolutions lodged with ASIC
Large proprietary
companies who have already elected under not to have an audit under
class order 98/1417
Deadline for directors of
companies to:
ASX listed mining
producing entities, mining exploration entities and entities (or their
child entity) that have acquired an interest in a mining tenement
Deadline to lodge a report
concerning the 31 December quarter, which must include information on
mining production, development, exploration activities and a summary
of expenditure incurred on those activities.
ASX listed mining
exploration entities
Deadline to lodge Appendix
5B 'Quarterly Report' with ASX as required by ASX
Listed companies that are
cashbox companies, hi-tech companies or other companies that were
admitted to the ASX listing under ASX Listing Rule 1.3.2(b)
Deadline to lodge Appendix
4C 'Quarterly cash flow report' with ASX
General insurers with 30
September balance date that are not a disclosing entity
Deadline to lodge the
General Insurance Reporting Forms (GRF) annual reporting forms and the
APRA audited yearly statutory accounts accompanied by a certificate
from an approved auditor with APRA
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