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Australian LAFH tax change deadline extended to 1 October 2012
Australian tax changes to reduce the scope of companies to offer tax free allowances to cover employee expenses associated with relocation and living ... more
UK to require binding votes on future executive pay policy, including exit payments
The UK is to introduce a binding shareholder majority vote on future executive remuneration policies (including potential payments and the performance... more
US SEC Issues Compensation Consultant Rules
On 20 June 2012, the SEC announced new rules governing the use of compensation advisers and the independence and role of the board compensation commit... more
Directors personally liable for unpaid SG and PAYG amounts
On 27 June 2012, Parliament approved legislation that makes directors liable for missed company Pay As You Go (PAYG) and superannuation guarantee (SG)... more
FSB reports on banker pay implementation across countries
The Financial Stability Board (FSB) set the global standards for banker pay with its Principles (see HERE) and Standards (see HERE) on Sound Compensat... more
Parliament passes legislation to allow AGM chair to vote undirected proxies on the remuneration report resolution
On Monday 18 June 2012, Federal Parliament passed amendments to the Corporations Act to clarify that the chair of an AGM will be able to exercise undi... more
Government moves to allow AGM chair to vote undirected proxies on the remuneration report – but not there yet!
The House of Representatives has now passed but the Senate has yet to consider a bill to amend the Corporations Act to make it clear that the chairman... more
Global pay regulation of bankers unevenly implemented, with risk potential for Australian banks
A recent report from the world regulatory body on banking, the Financial Stability Board (FSB), has reinforced the view that differences between he mo... more
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