Commonwealth anti-corruption body to cover private companies
The Bill delivers on Labor’s election commitment to establish an independent anti-corruption body with public hearings and Royal Commission level powers.
Today, 29 November 2019, ASIC has finalised the revised fees and costs disclosure requirements for PDSs and periodic statements, including an updated Regulatory Guide 97.
The new rules will apply to all:
Issuers will therefore need to take stock of their current position and have a clear plan in place in the New Year for transitioning to the new requirements. While ‘opt-in’ applies for certain periodic statements, there is no ability to ‘opt-in’ early to the new requirements for PDSs.
The new rules and guidance follow ASIC’s Consultation Paper 308 Review of RG 97 Disclosing fees and costs in PDSs and periodic statements released earlier this year, and Report 581 Review of ASIC Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements.
ASIC’s revised guidance is available here.
We are now almost one year on from Mark Zuckerberg’s much talked-about October 2021 letter announcing, among other things, the change of the name of his company from Facebook to Meta, reflecting the company’s commitment to revolutionising social connection through virtual reality.
Since our last update, the growth in climate change litigation globally has continued. While cases against the fossil fuel sector continue to be brought, there are also claims against defendants in a wider variety of high-emitting and resource-intensive sectors.
© Norton Rose Fulbright LLP 2022