Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (Cth)

Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004

No. 103, 2004

An Act to amend the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Audit Reform

Part 1—Audit oversight Australian Securities and Investments Commission Act 2001 Corporations Act 2001

Part 2—Qualifications of auditors Corporations Act 2001

Part 3—Auditor appointment, independence and rotation requirements Corporations Act 2001

Part 4—Registration of authorised audit companies Corporations Act 2001

Part 5—Auditors and AGMs Corporations Act 2001

Part 6—Qualified Privilege Corporations Act 2001

Part 7—Expansion of auditors' duties Corporations Act 2001

Part 8—Companies Auditors and Liquidators Disciplinary Board Australian Securities and Investments Commission Act 2001 Corporations Act 2001

Schedule 2—Financial reporting

Part 1—CEO and CFO declarations in relation to listed entity's financial report Corporations Act 2001

Part 2—Content of directors' report for listed public companies Corporations Act 2001

Part 3—Financial Reporting Panel Australian Securities and Investments Commission Act 2001 Corporations Act 2001

Part 4—Content of financial reports Corporations Act 2001

Schedule 2A—Financial reporting (true and fair view) Corporations Act 2001

Schedule 3—Proportionate liability Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Trade Practices Act 1974

Schedule 4—Enforcement

Part 1—Revision of criminal penalties Corporations Act 2001

Part 2—Protection for employees reporting breaches Corporations Act 2001

Part 3—Disqualification of directors Corporations Act 2001

Part 4—Civil penalty provisions Corporations Act 2001

Part 5—Other amendments Corporations Act 2001