To facilitate the development of accounting standards which ensure the maintenance of an informed and efficient capital market for companies; and. To improve corporate control within the capital market in order to provide incentives for greater corporate efficiency. Corporate Law Economic Reform Program Bill 1998. Type: Government. Portfolio: Treasurer's portfolio. Originating house: House of Representatives; Status: Act Commencing 13 March 2000, the Corporate Law Economic Reform Program Act 1999 (Cth) introduced changes to the regulation of corporate fundraising in Australia. In particular, it effected a reduction in the litigation risk associated with initial public offering prospectus disclosure. Corporate Law Economic Reform Program Act 2004, commonly called CLERP 9, modified the Corporations Act 2001 (Commonwealth) which governs corporate Corporate Law Economic Reform Program Act 1999. No. 156, 1999. An Act to amend (g) give the debenture holders a statement explaining the effect of any
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