Introduction and guide to the report
The Financial Reporting Panel (FRP) was established under the Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 and formally commenced its operations in July 2006. The FRP's primary function is to resolve disputes between the Australian Securities and Investments Commission (ASIC) and a company, disclosing entity or registered scheme over the application of accounting standards in its financial reports.
The relevant legislation pertaining to the FRP is Division 9 of Part 2M.3, of the Corporations Act 2001 (Cth) (Act), Part 13 and Division 2 of Part 7 of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act).
This report gives an overview of the FRP's operational program, membership, financial information and management.
Other sources of information
The FRP publishes all its public documents on its website. These include media releases, determinations issued and annual reports.
The FRP website address is www.frp.gov.au.
Enquiries
The contact officer to whom enquiries regarding this report may be directed is:
Stephen Powell
Executive Director
Financial Reporting Panel
Australian Treasury
Langton Crescent
PARKES ACT 2600
Telephone: 02 6263 3167
Facsimile: 02 6263 2770
stephen.powell@treasury.gov.au
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