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ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. [2] ASIC, which reports to the Treasurer, was established on 1 July 1998 following recommendations from the Wallis Inquiry.
AASB 101 Presentation of Financial Statements, AASB 102 Inventories, etc., which incorporate IAS 1 Presentation of Financial Statements, IAS 2 Inventories, etc., being the Standards issued by the International Accounting Standards Committee (IASC), which was the predecessor to the IASB
Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance. They may be considered as grey literature . Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry.
ASX CEO Helen Lofthouse, who took up the role in August 2022, said in a statement the company was reviewing ASIC's allegations, but "we recognise the significance and serious nature of these ...
The Corporations Act 2001 sets up a uniform approach to the regulation of financial services through a uniform licensing and disclosure regime. The general regulatory position is that a person (whether an individual or corporate entity) carrying on a financial services business in Australia must, unless exempted, hold an Australian financial services licence (AFSL) issued by ASIC.
These financial statements have been filed on EDGAR, SEDAR, the ASX, and are also available on our website. ... Marigold produced 160,000 ounces at ASIC of $1,711 per ounce, with costs reflecting ...
a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements; or; a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of ...
Under Note 11 of The Commonwealth of Australia Constitution Act, The Corporations Act 2001 can be seen as still in effect. Australian Financial Services Licence (AFSL) is a legal licence provided by the Australian Securities and Investments Commission (ASIC) enabling the operation and activities of Australian financial services businesses. [1]