Corporations law simplification program

What are the objectives of the Clerp?

The Corporate Law Economic Reform Program (CLERP) is a comprehensive initiative to improve Australia's business and company regulation as part of the Coalition Government's drive to promote business, economic development and employment..

What is Chapter 7 of the Corporations Act?

From the outside, Chapter 7 of the Corporations Act looks thematically consistent: it regulates financial products, financial services, and financial markets..

What is the Part 7.2 of the Corporations Act?

Part 7.2 of the Act provides for a licensing regime in relation to financial markets.
Section 76.

1. A defines a 'financial market' with reference to offers or invitations to acquire or dispose of financial products.
Part 7.3 of the Act provides for the licensing of clearing and settlement facilities.

When was par value abolished in Australia?

Australian companies do not have authorised capital or par value for shares.
These were eliminated from companies capital structures by statute in 1998..