DISCLOSURE OF INFORMATION – AUSTRALIA

ASX chief puts weight behind Murray recommendations

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Original article by James Chessell
The Australian Financial Review – Page: 19 : 11-Mar-15

The final report of the Australian Government’s financial system inquiry included recommendations on the future regulation of the corporate bond market. ASX CEO Elmer Funke Kupper has urged bipartisan parliamentary support for the proposed reforms, arguing that issuing retail corporate bonds in particular is costly and time consuming in Australia. He notes that the disclosure and prospectus requirements are much more onerous that when raising capital on the sharemarket

CORPORATES
ASX LIMITED – ASX ASX, TABCORP HOLDINGS LIMITED – ASX TAH, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. DEPT OF THE TREASURY

Fears spur rethink on tax transparency

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Original article by Nassim Khadem
The Australian Financial Review – Page: 7 : 5-Dec-14

The Australian Government will consider concerns raised by privacy groups and wealthy individuals about the new tax disclosure laws. Under the changes, which will come into effect in July 2015, the Australian Taxation Office will publish information about the taxes paid by 1,600 public and private companies with $A100 million or more in annual turnover. Wealthy business owners oppose the new laws because they fear they could be kidnapped if criminals find out how wealthy they are

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, CLAYTON UTZ, ERNST AND YOUNG, APPLE INCORPORATED, GOOGLE INCORPORATED, LIBERAL PARTY OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, DELOITTE TOUCHE TOHMATSU LIMITED

Andrews to keep vow to release Link documents

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Original article by Richard Willingham
The Age – Page: 2 : 2-Dec-14

New Victorian Premier Daniel Andrews said he will release all documents on the East West Link project on 3 December 2014. The change in government in Victoria, following the 29 November election, means that the toll road project is no longer on the agenda. Andrews wants the $A3 billion allocated by the Federal Government to Victoria to be used for other infrastructure projects

CORPORATES
AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF PREMIER AND CABINET, VICTORIA. DEPT OF TREASURY AND FINANCE, VICTORIAN TRANSPORT ASSOCIATION INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

More Aussies comfortable giving out personal info online – despite increased concern for privacy

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 16-Sep-14

A Roy Morgan Single Source survey has found that 23 per cent of Australians aged 14+ were comfortable giving personal details over the internet in the year to June 2014. This compares with 19 per cent in the year to June 2011. Meanwhile, 34 per cent were comfortable giving out credit card details online, an increase of three per cent since 2011. The survey also shows that 65% of people who use the internet more than once a day are worried about invasion of their privacy through new technology, compared with 71% of those who use the internet daily or a few times per week

CORPORATES
ROY MORGAN RESEARCH LIMITED, APPLE INCORPORATED

Kalgoorlie’s golden secret sent offshore

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Original article by Andrew Burrell
The Australian – Page: 15 : 8-Sep-14

The owners of Super Pit operator Kalgoorlie Consolidated Gold Mines (KCGM), US-based Barrick Gold and Newmont Mining, have been criticised by residents of the Western Australian town. They note that no information on any expansion plans by KCGM for the mine has been released to them, while the parent companies have mentioned promising new drilling data to investors overseas. The main issue is potential underground work in the Central Corridor area, where high-grade ores are said to have been encountered

CORPORATES
KALGOORLIE CONSOLIDATED GOLD MINES PTY LTD, BARRICK GOLD CORPORATION, NEWMONT MINING CORPORATION

Aldi fails to disclose tap and go charges

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Original article by Shaun Drummond
The Australian Financial Review – Page: 8 : 19-Aug-14

The Australian Securities & Investments Commission has ordered Aldi to take remedial action to display fees for contactless card transactions at the point of sale. An investigation by the corporate regulator found that Aldi had failed to disclose the fact that a surcharge of 0.5 per cent applies to payments that are made using so-called "tap and go" credit cards

CORPORATES
ALDI STORES SUPERMARKETS PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, RESERVE BANK OF AUSTRALIA, VISA INTERNATIONAL, MASTERCARD AUSTRALIA LIMITED