ASIC policy statements, practice notes and class orders

PN 66 Transition specific disclosure 

This practice note covers:

• the policy behind transaction-specific disclosure
• the usage of transaction-specific disclosures
• the content required to be able to use transaction-specific disclosure
• the procedures for obtaining relief

PN 68 New financial reporting and procedural requirements 

The purpose of this practice note is to clarify some of the accounting-related requirements introduced into the Corporations Law. The practice notes will relate to the following areas of the Corporations Law: 

• the financial reporting and audit requirements
• the share capital requirements for companies
• the meeting requirements for public companies
• and - the annual return requirements

PS 173 Disclosure for on-sale of securities and other financial products

 This policy statement sets out what relief is available from the disclosure requirements under the Corporations Act 2001 for the on-sale of securities and other financial products.

PS 180 Auditor registration 

This policy statement sets out ASIC's approach to:

• registration of an individual as a company auditor or a company as an authorised audit company
• how we will use the power to approve an auditing competency standard under s1280A of the Act
• the lodgement of annual statements by registered company auditors and authorised audit companies
• the general systems and procedures we have put in place for the auditor registration process 

CO 04/967 Registered schemes - disclosure of remuneration

This class order applies to financial reports of registered schemes that are disclosing entities for financial years and half-years ending 30 June 2004 to 29 September 2004. It provides relief from any requirement to disclose remuneration paid directly or indirectly to the directors and executives of the scheme's responsible entity.

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