Meeting ASIC Requirements

1 Governance Institute of Australia Ltd 2015 ABN 49 008 615 950 Meeting ASIC Requirements Course outline Written and designed by: Sebastian Hempel and Salli Konz company Secretarial Office, Minter Ellison Lawyers Revised by: Allan Luu, Corporate Counsel Copyright Copyright strictly reserved. No part of these course materials covered by copyright should be reproduced or copied in any form or by any means without the written permission of Governance Institute of Australia. Governance Institute of Australia Ltd 2015 Meeting ASIC Requirements Governance Institute of Australia 1 COURSE outline The Australian Securities and Investments Commission (ASIC) enforces and regulates company and financial services laws to protect consumers, investors and creditors.

2 ASIC is an independent Commonwealth Government organisation and it contributes to Australia s financial stability and growth by ensuring that the financial markets are fair and transparent. A priority of ASIC is to ensure that investors and consumers are confident and informed . ASIC works with other financial and law enforcement agencies both in Australia and internationally to achieve its objectives. COURSE CONTENT 1 Introduction What is the background to this course? What are the aims of this course? 2 About ASIC ASIC s profile ASIC s role in the regulation of consumer credit ASIC s role in protection ASIC organisation chart 3 Other regulators Australian Prudential Regulation Authority Basel capital framework International Financial Reporting Standards Reserve Bank of Australia Australian Competition and Consumer Commission Australian Taxation Office Personal Property Securities Register Clean Energy Regulator Council of Financial Regulators

3 International cooperation and agreements 4 Key ASIC Requirements Overview Annual statement Review date Review fees Extract of Particulars Meeting ASIC Requirements 2 Governance Institute of Australia Return of Particulars Form 484 Solvency resolution Forming and registering a company Share and member register particulars Notice of change of members register Notice of change to share structure Ultimate holding company reporting regime Role of company secretary Electronic lodgements with ASIC Telephone notice to ASIC Lodgment periods Change of name Corporate key Keeping books and financial records Annual financial reports Financial years Consents and resignations Appointment or removal of office holders Deregistering a company 5 Conclusion 6 Resources Legislation and regulators Standards and guidelines Governance Institute resources Reference books Reports and journal articles

4 Other resources Appendices Readings