Home       What's New?       Corporate       Business       Published Information       Ministers       Related Websites

Consultation Paper - The Clawback of Director and Executive Remuneration in the Event of a Material Misstatement

Date:

Monday, 20 December 2010

Content ID:

1926

Abstract:

The Parliamentary Secretary to the Treasurer has released a discussion paper on a proposal to ‘clawback’ remuneration paid to company directors and executives where a company’s financial statements are materially misstated. The discussion paper seeks comments on whether a clawback requirement should be introduced in Australia, and if so, how it should be implemented.

Making a submission

Interested parties are invited to comment on the discussion paper. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Wednesday, 30 March 2011

Address written submissions to:
General Manager
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: clawback@treasury.gov.au

For enquiries, please call Mark Sewell (02) 6263 3312 or Ronita Ram (02) 6263 3168.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

The Clawback of Director and Executive Remuneration in the Event of a Material Misstatement  889.41kb

Related Items:

Exposure Draft - Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 - 20/12/2010
The abstract for this content item contains formatting that cannot be displayed in this list. Please follow the hyperlink to the item for more detail.
Submissions: Exposure Draft - Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 - 22/02/2011
The abstract for this content item contains formatting that cannot be displayed in this list. Please follow the hyperlink to the item for more detail.
Submissions: Consultation Paper - The Clawback of Director and Executive Remuneration in the Event of a Material Misstatement - 26/05/2011

Treasury has received twenty eight submissions in response to the Discussion Paper, “The Clawback of Director and Executive Remuneration in the Event of a Material Misstatement”. There are no confidential submissions. The public submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

Treasury Portfolio Ministers - Link to website MoreSuper  - Link to website Carbon Price Modelling - Link to Website Clean Energy Future  - Link to website Review of compensation arrangements for consumers of financial services - Consultation Paper  - Link to website

spacer