Notice

  • On 21 June 2012, the Corporations Legislation Amendment (Financial Reporting Panel) Bill was introduced into the House of Representatives to close the Financial Reporting Panel (FRP) due to lower than expected referral rates.
  • On 27 September 2012, Quentin Bryce, Governor General of the Commonwealth of Australia signed the Corporations Legislation Amendment (Financial Reporting Panel) Proclamation 2012 for the FRP to close on 1 October 2012 when the Act commenced.
  • The FRP has now closed and any disputes between the Australian Securities and Investments Commission and a company, disclosing entity or registered scheme over the application of accounting standards in its financial reports are to be resolved between the parties or dealt with in proceedings before a court.

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