The draft regulations, and the attached explanatory material, make changes to the Corporations Regulations and other regulations. Specifically, to:
- change references to the National Institute of Accountants to the Institute of Public Accountants in a number of Commonwealth regulations;
- insert various remuneration disclosure requirements regarding related party transactions into the Corporations Regulations, following the removal of these requirements from the relevant accounting standards; and
- remove references to the Financial Reporting Panel from the Corporations Regulations.