SECTION 294A SMALL COMPANY LIMITED BY GUARANTEE - MEMBER DIRECTION
294A(1) [Member direction]
(a) prepare a financial report and directors' report for a financial year; and
(b) send them to members who have elected to receive them under section 316A.
294A(2) [Requirements for direction]
(a) signed by the members giving the direction; and
(b) made no later than 12 months after the end of the financial year concerned.
294A(3) [Direction may specify certain matters]
(a) that the financial report does not have to comply with some or all of the accounting standards;
(b) that a directors' report or a part of that report need not be prepared;
(c) that the financial report is to be audited or reviewed.
S 294A inserted by No 66 of 2010, s 3, Sch 1, Pt 1 (effective 28 June 2010).