Are you meeting your employer reporting obligations in respect of overseas Non-Executive Directors?

Companies should review their foreign resident directors and assess what their intentions may be in respect of future travel to Australia, as discussed by Jackie Shelton, Warwick Lowe and Kelly Lewis.

Many foreign resident individuals currently serve as non-executive directors (NEDs) on the boards of Australian headquartered companies. Recent data obtained by KPMG indicates that approximately 22 percent of NEDs on ASX200 companies are foreign residents, ordinarily residing outside of Australia. These individuals bring with them expertise and experience that is proving invaluable to Australian business, but it does present an added layer of complexity to the employer reporting obligations...

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Authors: Jackie Shelton, Warwick Lowe,

Published Date: 25 March 2022