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ASIC

ASIC guidance on JobKeeper notice for listed entities

ASIC has released further information regarding the passed legislation that requires all entities to disclose certain details about any JobKeeper payments repaid.  

Jobkeeper - Reporting requirements for all listed entities

The Treasury Laws Amendment (2021 Measures No. 2) Bill 2021 (TLA2) now requires listed entities and subsidiaries of the listed entities to separately disclose the amount of Jobkeeper payments they received during a financial year to the market.  

Virtual AGM Rule Extension

Red tape relief that allows companies to hold their Annual General Meetings virtually has been extended until 31 March 2022

Moore Australia welcomes Right-of-Use lease asset inclusion in calculation of Net Tangible Assets

Moore Australia welcomes the changes implemented by ASIC on 30 April, to counter the confusion caused by AASB 16. The introduction of AASB 16 resulted in the recognition of right-of-use assets (ROU) and lease liabilities.  The issue, which arose for Australian Financial Services (AFS) licensees, was whether ROU assets would be included in the calculation of their net tangible assets (NTA).