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CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL REPORTING  

Division 1 - Annual financial reports and directors' reports  

SECTION 300B  ANNUAL DIRECTORS' REPORT - COMPANIES LIMITED BY GUARANTEE  

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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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