ASIC has issued two policy statements and two practice notes to explain the new requirements of the Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (CLERP 9).
The CLERP 9 policies issued are:
Policy Statement 180: Auditor registration [PS 180]
Revised Practice Note 34: Auditors’ obligations: reporting to ASIC [PN 34]
Revised Practice Note 66: Transaction-specific disclosure [PN 66], and
Revised Policy Statement 173: Disclosure for the on-sale of securities and other financial products [PS 173].