Corporations Act 2001



Division 1 - Annual financial reports and directors' reports  


300B(1)   [ Content of report]  

The directors ' report for a financial year for a company limited by guarantee must:

(a) contain a description of the short and long term objectives of the entity reported on; and

(b) set out the entity ' s strategy for achieving those objectives; and

(c) state the entity ' s principal activities during the year; and

(d) state how those activities assisted in achieving the entity ' s objectives; and

(e) state how the entity measures its performance, including any key performance indicators used by the entity.

300B(2)   [ Entity reported on]  

The entity reported on is:

(a) the company (if consolidated financial statements are not required); or

(b) the consolidated entity (if consolidated financial statements are required).

300B(3)   [ Additional content of report]  

The directors ' report for a financial year for a company limited by guarantee must also include details of:

(a) the name of each person who has been a director of the company at any time during or since the end of the year and the period for which the person was a director; and

(b) each director ' s qualifications, experience and special responsibilities; and

(c) the number of meetings of the board of directors held during the year and each director ' s attendance at those meetings; and

(d) for each class of membership in the company - the amount which a member of that class is liable to contribute if the company is wound up; and

(e) the total amount that members of the company are liable to contribute if the company is wound up.


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