Vale - Dean Bowman
The FTA Directors express their sincere condolences to the family of Dean Bowman who passed away peacefully on Tuesday 31 August at the Stirling Hospital in South Australia.
Dean Bowman was the Treasurer for Santos, an active Finance & Treasury Association member and a great ambassador for the Association over many years prior to his illness in late 2009.
Our thoughts and prayers are with Dean’s family at this difficult time.
FTA Directors
FTA letter to IASB project on Phase III of IFRS 9 - Hedge Accounting
Further to recent communication within the Finance & Treasury Association (FTA) Technical Committees, the FTA took the opportunity to submit a letter to the International Accounting Standards Board (IASB) to consider in its review of International Financial Reporting Standard (IFRS) 9 – Hedge Accounting.
New Dividend Requirements
- The company’s assets exceed its liabilities immediately before the dividend is declared and the excess is sufficient for the payment of the dividend
- The payment of the dividend is fair and reasonable to the company’s shareholders as a whole
- The payment of the dividend does not materially prejudice the company’s ability to pay its creditors.
July IASB meeting - Pushing on towards the next wave
Deloitte have released the Australian meeting summary from the July IASB meeting held on 19-23 July 2010 to including the on-going debate on the leases project, decisions on the consolidation project, eligibility criteria for the hedge accounting project and highlights from the income tax project.
The Australian retail corporate bond market: now rising from the depths?
Blake Dawson Senior Associates James Morris, Bronwyn Kirkwood and Graduate Nicole Pedler
ASIC's new Class Order [CO 10/321], released on 12 May 2010, may go some way to developing a more active retail bond market in Australia. The new Class Order is aimed at helping to simplify and reduce the time and expense involved in issuing into that market.
FTA Update: Member Newsletter
FTA Update is a regular e-newsletter that has been developed by FTA to feature the latest news, jobs and information.

![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_auoz_2.gif)


