{"id":"F2012L01962","name":"Corporations Legislation Amendment (Financial Reporting Panel) Proclamation 2012","slug":"corporations-legislation-amendment-financial-reporting-panel-proclamation-2012","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":89910,"registerId":"commonwealth-F2012L01962-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Corporations Legislation Amendment (Financial Reporting Panel) Proclamation 2012","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: Proclamation\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms](image.001.png)\n\nCorporations Legislation Amendment (Financial Reporting Panel) Proclamation 2012\n\nCorporations Legislation Amendment (Financial Reporting Panel) Act 2012\n\nI, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under item 2 of the table in subsection 2 (1) of the Corporations Legislation Amendment (Financial Reporting Panel) Act 2012, fix 1 October 2012 as the day on which Schedule 1 to that Act commences.\n\nSigned and sealed with the  Great Seal of Australia  on 27 September 2012\n\nQUENTIN BRYCE  Governor-General\n\nBy Her Excellency’s Command\n\nBERNIE RIPOLL\n\nParliamentary Secretary to the Treasurer\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1541},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The proclamation performs exactly its intended function: specifying when Schedule 1 of the parent Act comes into force. It has not expanded beyond its original purpose of bringing the substantive amendments into operation."},"complexity_factors":["Single sentence of operative effect (fixing the commencement date)","No defined terms or interpretation sections","No substantive legal rules - purely procedural activation of existing law","Total length under 200 words","Only cross-reference is to the enabling provision in the parent Act"],"plain_english_summary":"This proclamation sets the **start date** for new corporate reporting rules. It declares that Schedule 1 of the Corporations Legislation Amendment (Financial Reporting Panel) Act 2012 begins on **1 October 2012**.\n\n**In plain terms:**\n- The Governor-General officially activated the new laws on 1 October 2012\n- These laws created the **Financial Reporting Panel** (a body that checks whether companies and auditors are following accounting rules properly)\n- Before this date, the Panel didn't exist; after this date, companies and auditors had to comply with its review processes\n\n**Who needs to care:** Australian companies, their accountants, and auditors who prepare financial statements, as this date triggers when the new oversight body gained legal power to investigate reporting breaches."}},"importantCases":[],"_links":{"self":"/api/acts/corporations-legislation-amendment-financial-reporting-panel-proclamation-2012","history":"/api/acts/corporations-legislation-amendment-financial-reporting-panel-proclamation-2012/history","analysis":"/api/acts/corporations-legislation-amendment-financial-reporting-panel-proclamation-2012/analysis","conflicts":"/api/acts/corporations-legislation-amendment-financial-reporting-panel-proclamation-2012/conflicts","importantCases":"/api/acts/corporations-legislation-amendment-financial-reporting-panel-proclamation-2012/important-cases","documents":"/api/acts/corporations-legislation-amendment-financial-reporting-panel-proclamation-2012/documents"}}