CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL REPORTING  

Division 4 - 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.

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.