The Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (also known as CLERP 9) became law on 1 July 2004. You must have adequate measures, processes and procedures to meet the obligations of the Act, especially if you're involved in auditing and company financial reporting.
The requirements of the CLERP 9 Act are explained in the following regulatory documents:
You can now use our online lodgement service to change or update your registration details and, from 1 January, to lodge your annual statement. Annual statements will replace triennial statements from 1 January 2005.
The professional indemnity insurance requirements for authorised audit companies, which were the subject of a policy proposal paper issued in April 2004, have now been included as Part B in RG 180 (formerly PS 180).
Speeches about CLERP 9
For recent speeches about corporate reporting and disclosure go to our speeches page.
Regulatory guides (formerly Policy statements, practice notes, policy proposal papers and guides)
Download a copy of our regulatory guides as PDF files:Regulatory Guide 180 Auditor registration (formerly Policy Statement 180)
Regulatory Guide 173Disclosure for the on-sale of securities and other financial products (formerly Policy Statement 173)
20 July2004 Audit notifications under CLERP 9 Details of our procedures for dealing with new audit notifications required as a result of the Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004, Information release 04-33
4 June 2004
The Parliamentary Joint Committee on Corporations and Financial Services has released its report on the CLERP (Audit Reform and Corporate Disclosure) Bill 2003, Part 1, Enforcement, executive remuneration, continuous disclosure, shareholder participation and related matters.
Download a copy of the report as a PDF file from the Parliament of Australia's website
4 December 2003
Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Bill 2003 tabled in Parliament. Visit the website of the Parliament of Australia for a copy of the bill and explanatory memorandum.
29 October 2003
ASIC seeks comment on draft guidance on management of conflicts of interest, Media release 03-338
8 October 2003
The Government released an exposure draft of the CLERP 9 legislation covering audit reform and corporate disclosure. Copies of the Bill and commentary are available from the Treasury website.