Accounting alerts: #1 2015
Amendments to the Corporations Act 2001 – Deregulatory and Other Measures
In March 2015, the Corporations Legislation Amendment (Deregulatory and Other Measures) Bill 2014 was passed by both Houses of the parliament, which amends the Corporations Act 2001to reduce compliance costs borne by businesses. The Bill received royal assent on 19 March 2015, at which point the law became effective.
Financial reporting is undergoing rapid change, particularly with the IASB finalising a number of projects effective over the next few years. The need to be kept informed of the latest developments has never been more important.
Our Accounting Technical team produce this series of 'Heads Up' newsletters to keep our clients up-to-date on new pronouncements, emerging issues and uncertainties in interpretation in financial reporting.
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