It is important that you maintain a calendar of lodging dates for legal and regulatory requirements. But such a calendar is not a compliance plan. It is one of the outcomes of a compliance plan.

A reporting calendar will include reports relating to employees, company secretarial matters, financial statements, prudential returns and taxation.

In the financial services industry a calendar will include the ASIC credit licence compliance certificate, ASIC FS 71, APRA reports and Austrac reports.

Here is a list of the regulatory reforms proposed for the next year that we are watching and that you need to plan for:

1 October 2011
Credit disclosure documents requirements commence

1 January 2012

• new national work health and safety laws
• standard Australian Consumer Law wording in warranties against defects commences
• new home loan key facts sheet starts

1 February 2012

• PPS Register starts
• new deposit guarantee limit starts

1 April 2012
deadline for use of Australian Credit Licence numbers in documents

1 July 2012