Corporations Act 2001
CHAPTER 2M
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FINANCIAL REPORTS AND AUDIT
PART 2M.3
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FINANCIAL REPORTING
Division 4
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Annual financial reporting to members
SECTION 316
CHOICES FOR MEMBERS OF COMPANIES, REGISTERED SCHEMES OR DISCLOSING ENTITIES
316(1)
A member may request the company, registered scheme or disclosing entity:
(a) not to send them the material required by section 314 ; or
(b) to send them a full financial report and the directors ' report and auditor ' s report.
The time for complying with a request under paragraph (1)(b) is:
(a) 7 days after the request is received; or
(b) the deadline for reporting under section 315 ;
A full financial report, directors ' report and auditor ' s report are to be sent free of charge unless the member has already received a copy of them free of charge. 316(4)
An offence based on subsection (2) or (3) is an offence of strict liability.
This section does not apply in relation to a company limited by guarantee.
A member may request the company, registered scheme or disclosing entity:
(a) not to send them the material required by section 314 ; or
(b) to send them a full financial report and the directors ' report and auditor ' s report.
A request may be a standing request or for a particular financial year. The member is not entitled to a report for a financial year earlier than the one before the financial year in which the request is made.
316(2)The time for complying with a request under paragraph (1)(b) is:
(a) 7 days after the request is received; or
(b) the deadline for reporting under section 315 ;
whichever is later.
316(3)A full financial report, directors ' report and auditor ' s report are to be sent free of charge unless the member has already received a copy of them free of charge. 316(4)
An offence based on subsection (2) or (3) is an offence of strict liability.
316(5)
This section does not apply in relation to a company limited by guarantee.
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