• COVID-19: Prime Minister says infrastructure investments and deregulation will be key planks in the government's five year recovery plan
•  COVID-19: The Department of the Prime Minister and Cabinet has identified modernising business communications as an immediate priority, the Governance Institute has welcomed plans to 'explore' making legislation technology neutral
•  COVID-19: AICD report finds most directors support a rethink of the pre-pandemic economic agenda
•  COVID-19: Unlikely many of us will opt for a tree change post-pandemic? NAB report casts doubt on predictions that the pandemic will lead to immediate, wholesale behavioural change
•  COVID-19: Temporary changes to the 'access period' will be wound back in line with the easing of other restrictions
•  COVID-19: Membership of IR working groups and the timing of the first round of meetings announced
•  COVID-19: European Commission has launched a review of trade policy in light of the changed operating environment, including the role trade policy should play in supporting the 'green transition'
• COVID-19: The AFR reports that National Skills Commission data is showing signs that a small number of businesses are rehiring
•  In Brief | COVID-19: NAB's May business sentiment survey found that though confidence levels have improved for a second consecutive month, they remain at a level last seen in the 1990s recession
• In Brief | COVID-19: CBA data shows early signs that the economy is stabilising and recovery is underway
• In Brief | COVID-19: It's not over yet? The AFR reports that McKinsey has said that management needs to remain agile its decision making processes, and that it would be premature to go back to pre-pandemic mode.  Reportedly, McKinsey says that companies may shift to quarterly planning, forecasting and budgeting to enable them to rapidly respond to the ongoing challenges arising from the pandemic 

• Top Story | Centralised business registers and DINs are on the way: The legislative package introducing the reforms has passed both houses

• COVID-19: ASIC information sheet on board oversight of executive variable pay during the pandemic released (INFO sheet 245)

• COVID-19: ASIC has released an interim corporate plan and revised indicative timeline for the release of key guidance and consultations in the period through to Q2 2020
• ASIC has released its Cost Recovery Implementation Statement 2019-20 for feedback, the FPA has questioned the proposed 38% increase for financial planners
• In Brief | APRA funding Bills update: The package of seven Bills proposing to enable the Commonwealth to recover the costs of a wider range of APRA's activities from prudentially regulated entities, and to increase the statutory upper limit from $1.5m to $10m, has progressed to second reading stage in the Senate

•  COVID-19: ASIC puts Managed Investment Scheme 'on notice' to ensure advertising and disclosure is 'clear, balanced and accurate'
•  COVID-19: So far funds have paid out $14.8bn under the early release of superannuation scheme
• COVID-19: ASIC has registered an amending instrument to specify end dates for temporary capital raising and financial advice instruments
• Raising the 'bar for professionalism within the financial services industry': All NAB and BNZ employees to complete a new professional qualification for bankers
• In Brief | FASEA Bill - Treasury Laws Amendment (2019 Measures No 3) Bill 2019, the Bill which defers the transitional timeframes for existing financial advisers to comply with education and training requirements), has finally passed both Houses after the Senate did not insist again on the amendments
• In Brief | Superannuation: Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 which would enable employees under workplace determinations or enterprise agreements to choose their superannuation fund, has progressed to second reading stage in the Senate
  
   

Climate Risk

• Fortescue Metals sets net-zero by 2040 emissions targets
• COVID-19: bp expects the pandemic will 'accelerate the pace of transition to a lower carbon economy and energy system' and has announced that it will shift direction in line with this
• In Brief | Climate risk is a risk to actuarial quality: The Joint Forum on Actuarial Regulation has updated its Risk Perspective to include climate change for the first time.  Climate Related Risk was identified 'as the top ‘hotspot’, potentially the ‘defining risk of our times’
• In Brief | The AFR reports that ANZ Chief Economist Richard Yetsenga has called on government to take immediate action to address climate change on the basis that it poses a 'grave financial risk'

Supply Chain Risk

• Committed to boycotting conflict gold: The Perth Mint has issued a statement welcoming the LBMA's proposed review of its responsible sourcing processes and says it is 'confident in its adherence to the highest ethical standards'