Reining it in: Executive pay in Australia

07 January 2010The final report from the Productivity Commission into executive remuneration does not recommend any far-reaching changes that will address the excessiveness of executive pay in Australia. However, various policy options are available to rein in executive pay, including: removing the tax concession on capital gains; increasing the top marginal rate of income tax; and, establishing an acceptable level of remuneration for executives and excluding amounts above this from qualifying as a legitimate company expense and therefore tax deductible.

Noticeboard

22 March 2012

The Attorney-General's Department has launched a new inquiry to explore the scope for reforming Australian contract law. There will be a three-month consultation period.

07 March 2012

In May 2011 the Federal Government announced that the Australian Charities and Not-for-profits Commission (ACNC) would commence operations from 1 July 2012 and that it would initially be responsible for determining the legal status of groups seeking charitable, public benevolent institution, and other not-for-profit (NFP) benefits on behalf of all Commonwealth agencies. 

07 February 2012
The Productivity Commission has been asked to report within 8 months on Default Superannuation Funds in Modern Awards. The inquiry covers the design of criteria for the selection and ongoing assessment of superannuation funds for nomination as default funds in modern awards.