Details

  • Service: Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 21/12/2012

Reporting Updates

Reporting Updates
Reporting Updates (formerly known as Flash Reports) outline changes occurring within the Australian financial reporting environment.

12RU-011 Treasury proposes remuneration report amendments  

This Reporting Update summarises the proposed amendments to the Corporations Act in relation to remuneration report disclosures.
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Key insights

 

  • Remuneration proposals will increase disclosures (from 2014).
  • Past, present and future pay amounts will be added.
  • Enhanced disclosure of termination payments.
  • New requirement to disclose a remuneration framework.
  • Material misstatements will trigger additional disclosure on clawback actions (if any).
  • Proposals are open for comment until 15 March 2013.
  • For dividend and other proposals, refer Reporting Update 12RU-012.
 

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