News
- ACI Regulatory News Weekly - Provided by SAI Global
SAI Global - ACI Regulatory News Weekly This section was last updated on 23 May 2013 Click here to access the news Electricity Newsfeed : Energy Retailer Fined for Door-knocking Mis-sales Environment, Sustainability and Climate Change Newsfeed : Waste Transporter Convicted and Fined Over... Read More »
- Compliance Manager, Permanent, Sydney
POSTED 8 MAY 2013 BOQ Finance is one of Australia's most dynamic and innovative Finance companies. With approximately $3.9 Billion of assets BOQ Finance has established itself as a successful Financier in the areas of Equipment Finance, Cashflow Finance and Vendor Finance. With the ability to service consumer customers through to the largest corporate and... Read More »
- Regulatory Compliance Manager, Brisbane 12 month fixed term contract
POSTED 8 MAY 2013 BOQ is one of Australia's most dynamic and innovative financial institutions. One of Australia's top 150 listed companies, BOQ is a retail bank offering a network of more than 270 branches across Australia, almost 200 of which are operated under a unique Owner-Manager Model, an insurance group and a BOQ Finance... Read More »
- Risk techniques to tame social media beast
6 May 2013 Conversations within organisations and in the press continue to emphasise the urgency of ‘doing something’ about social media and the potentially nefarious, although mostly undefined, risks associated with it. Many of these fearful stories bring the focus down to ‘avoiding’ these broad risks and in some cases therefore avoiding actively engaging in... Read More »
- Super Summit puts industry change in focus
Unfortunately this article has had to be withdrawn. Read More »
- Why volunteering your skills matters
6 May 2013 Members interested in volunteering their time for a not-for-profit organisation are invited to provide input to the ACI office or the chair of the working party looking at building a program and exploring options for ACI members to volunteer their GRC skills. We are interested in hearing about the kinds of opportunities members... Read More »
- Thought leadership in GRC
6 May 2013 Members of ACI’s CCP Alumni recently heard at a breakfast presentation by Professor Miklos Vasarhelyi how continuous assurance and monitoring could facilitate effective compliance. Westpac, ACI’s first Principal Member, hosted the event. Professor Vasarhelyi is KPMG Professor of Accounting Information Systems and Director of the Continuous Auditing and Reporting Laboratory (CARLAB)... Read More »
- Social media joins US disclosure regime
7 May, 2013 The US Securities and Exchange Commission (SEC) has joined the social media revolution, allowing companies to disclose key information on outlets such as Facebook, Twitter or LinkedIn. But companies must alert investors in advance about what social media will be used to disseminate the information in compliance with its Regulation Fair Disclosure process.... Read More »
- Target sues Texan trader over cosmetics
7 May 2013 National retailer Target Australia has tracked a batch of allegedly counterfeit M.A.C. cosmetics it sold in its Australia stores last year, to Mudd Puppy, a small outlet less than an hour’s drive from Dallas, Texas. Target, owned by Westfarmers, is being taken to court by M.A.C.’s parent company, Estee Lauder over trademark... Read More »
- Poor governance blamed for failed major projects
6 May, 2013 A survey of Australian chief executives and other senior managers lays the blame for failed major projects – such as big-ticket infrastructure items – on poor project governance, a new research by Sydney consultancy Caravel Group and Melbourne Business School reveals. It found major project governance teams are dysfunctional, lack the skills... Read More »
- Tax Deductible limits expenses
1 MAY 2013 ACI submission to the Treasurer on tax deductible self-education expenses Click here to download Read More »
- ACI Submission on CP204
1 MAY 2013 ACI would like to take the opportunity to thanks ASIC for providing an opportunity to comment upon Consultation Paper 204: Risk Management Systems of Responsible Entities (CP204). To download ACI's submission, please click here Read More »
- Call for conference papers - Deadline extended
1 MAY 2013 ACI AND RMIA are seeking expressions of interest from GRC professionals to deliver professional development workshops, plenary sessions and/or panel discussions at their second annual GRC conference later this year. GRC2013 will be held in Melbourne at Crown Promenade from Wednesday, 30 October to Friday, 1 November. This annual event... Read More »
- Compliance Manager - American Express
Posted 26 April 2013 American Express is a global service company, providing customers with exceptional access to products, insights and experiences and helps build business success. We offer innovative payment, travel and expense management solutions for individuals and businesses of all sizes and provide industry-leading benefits, access to unique experiences, business-building insights,... Read More »
- FMA Update:New directors’ guide aimed at sharpening up corporate governance
16 April 2013 The Financial Markets Authority (FMA) and the Institute of Directors in New Zealand (IoD) have today released ‘A Director’s Guide’: a must-read for all current and aspiring directors. The guide sets out the essentials of being an effective director and includes: questions to ask before you take up a directorship; decision making;... Read More »
- ASIC Regulatory Guide: ASIC releases guidance for operating and financial reviews
Wednesday 27 March 2013 ASIC today released a regulatory guide to improve disclosure in annual reports of listed entities. The operating and financial review (OFR) forms part of a listed entity's annual report and contains information investors would reasonably require to make an informed assessment of the entity's operations, financial position, business strategies and future... Read More »
- ACCC Media Release: Active regulator keeping the faith in our market economy
27 March 2013 Australian Competition and Consumer Commission Chairman Rod Sims today outlined the ACCC's role in making the market economy work as it should for all Australians. In an address to the National Press Club, Mr Sims said the ACCC needs to be an active regulator, taking strong enforcement action, and to be seen... Read More »
- New Zealand FMA Update
Project Update: Class exemption review On 26 November and 7 December 2012 FMA published consultation papers relating to the review of a number of Securities Act and Financial Reporting Act class exemption notices. We have now made decisions on most of the class exemption notices that were scheduled to expire in 2013. Exemption notices have now... Read More »
- ASIC Submission regarding proposed regulatory guidance on risk management practices - ACI Working Party
28 MARCH 2013 ASIC has released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector. The consultation paper seeks comment on a number of proposals that effect the current practices of responsible entities: ensuring risk management systems comprise processes to identify,... Read More »
- GRC in the news
28 March 2013 AUSTRALIA Deloitte assessing Macquarie risk culture Global accounting firm Deloitte has been brought in to assess the risk culture within Macquarie Group's private wealth unit following the Australian Securities and Investment Commission (ASIC) coming down hard on the investment bank with an enforceable undertaking over serious... Read More »
- Compliance Officer
Posted 26 March 2013 About the Company We are an established and highly regarded boutique life insurance services organisation, operating from the lower North Shore. Our staff are friendly yet professional, while our customers are typically middle-class Australians. Our small business has doubled over the last few months and is set to double again... Read More »
- Government signs off new charities standards in haste
28 MARCH, 2013 The Federal Government has swept new governance standards for Australia’s charities and not-for-profit sector into parliament, just two weeks after receiving 97 substantive submissions canvassing a wide range of concerns. The standards will apply from July 1 but ‘basic religious charities’ are exempted. The number of standards put up for consultation... Read More »
- New cargo laws accelerate fight against organised crime
28 MARCH 2013 Legislation making it harder for organised crime to infiltrate and exploit the cargo system was introduced into parliament last week, two years after a joint law enforcement taskforce was set up to tackle the issue. The Customs and AusCheck Legislation Amendment (Organised Crime and Other Measures) Bill will... Read More »
- Standout entry wins Leone scholarship
28 MARCH 2013 A standout entry has earned Francesca Leone this year’s SAI Global CCP Scholarship, awarded to high potential governance, risk and compliance professionals. Leone, who has a background in law, is Governance and Risk Management Officer at the Federal Government’s Department of Sustainability, Environment, Water, Population and Communities in Canberra. Her... Read More »
- Bribery and corruption lessons for directors
28 MARCH 2013 Are foreign bribery laws important to Australian business? Do they matter? Do Australian companies take these laws seriously? The answer is yes if a company conducts any offshore trade directly or through any third party, says Robert Wyld, a partner at law firm Johnson Winter and Slattery. “If... Read More »
- Skilled Volunteering: Commission presents volunteer opportunities
28 MARCH 2013 The creation of the Australian Charities and Not for Profit Commission (ACNC) presents an opportunity for compliance professionals to volunteer their skills and engage with this sector. An ACI working group, the Skilled Volunteering Steering Committee (SVSC) is researching the nature of services it can provide to the not-for-profit (NFP) sector and... Read More »
- Compliance & Quality Officer - 12 month contract, part -time
Posted 22 March 2013 Employment Status 12 Month Contract Part time 30 hours per week Classification: Social Community Health Care and Disability Services Industry Award, 2010 Responsible to: Chief Executive Officer via Operations & HR Manager The Mental Health Coordinating Council (MHCC) is the Peak body for organisations providing community Mental Health services throughout NSW.... Read More »
- TCP Code Audits – due 1 April 2013
Independent compliance assessors are required under a new consumer protection code for the Australian telecommunications industry. The Telecommunications Consumer Protections Code 2012 (TCP Code) is an industry initiative that has regulatory force by virtue of approval and registration by the Australian Communications and Media Authority from 1 September 2012. The TCP Code creates a... Read More »
- Unfair contract terms deleted following ACCC review
15 March 2013 Unfair contract terms used in standard form consumer contracts have been changed or removed following an industry specific review and engagement by the Australian Competition and Consumer Commission. In a speech to the Consumer Congress in Sydney, ACCC Chairman Rod Sims announced the findings of the review which examined consumer contracts in... Read More »
- Risk Governance Analyst, Permanent SUNCORP
Posted 13 March 2013 Permanent position Supportive team environment Sydney location The Suncorp Group is one of Australia's leading financial services organisations and comprises of the 5th largest bank and one of the largest insurance operations in Australia. We employ over 15,000 people across Australia and New Zealand. Incorporating a number of reputable... Read More »
- Victoria University Manager – Compliance
$92,795 - $96,544 per annum plus 17% superannuation. This is a full time continuing position. Posted 12 March 2013 Victoria University has more than 58,000 students, including over 15,000 international students (on-shore and offshore), and a workforce of approximately 3,500 staff. To complement its mission for excellence and engagement through a distinctive curriculum, student experience,... Read More »
- GRC Professional - Summer 2013
Please find the Summer edition of GRC Professional Magazine here . Read More »
- Report about the Compliance and Risk Benchmarking Survey 2012
1. Overview About the survey This survey asked about the maturity of organisations in relation to the compliance and risk principles in order to provide understand how well these principles have been embedded into organisations and where more effort could best be targeted. The principles and maturity models... Read More »
- FOFA deadline looms for gatekeepers of financial advice
Denise McNabb MARCH 13, 2013 With the July 1 2013 deadline for mandatory implementation of the Future of Financial Advice (FOFA) reforms looming, the Australian Securities and Investment Commission is rolling out a stream of guidelines for financial advice providers to ensure investors and financial consumers feel confident they have received informed, quality advice. ... Read More »
- FATCA’s final regulations have landed
BY ANTHONY QUINN March 13, 2013 On 17 January 2013, almost 12 months after the proposed regulations were issued the United States Treasury Department released the final regulations relating to the US Foreign Account Tax Compliance Act (FATCA) to the Federal Register. The majority of the 544 pages comprise sections of the Inland Revenue... Read More »
- Sports misdeeds puts spotlight on lingering anti-corruption reforms
BY MARTIN TOLAR The Commonwealth Attorney Generals Department has been slow to move on its proposed anti-corruption reforms, when it appeared corrupt activity was limited to the corporate and government sectors. Now sport is in the mix might we see some action? The report handed down by the Australian Crime Commission (ACC) following its 12... Read More »
- Compliance Manager - Kmart Tyre & Auto Service
Make your mark in this newly created role Develop commercially viable solutions Based in Castle Hill, Sydney Kmart Tyre & Auto Service is the largest Service, Repair and Tyre retailer in the nation, with over 250 Service Centres around Australia. We currently... Read More »
- ACCC releases December 2012 quarterly report
The Australian Competition and Consumer Commission today published the December 2012 quarterly report, ACCCount. It can be downloaded here . Read More »
