Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-3 - REPORTING REQUIREMENTS  

Division 333 - Financial and other reports required by the regulations  

SECTION 333-15   OTHER REQUIREMENTS IN RELATION TO REPORT  
Manner of preparing report

333-15(1)    
The regulations may require a section 333-5 report to be prepared in the manner required by the regulations.

Manner of preparing financial report

333-15(2)    
If a section 333-5 report is a financial report, regulations made for the purposes of subsection (1) of this section may do one or more of the following:

(a)    require that the financial report, or a part of it, be audited;

(b)    require that the auditor be:

(i) an individual auditor who has particular qualifications or experience; or

(ii) an audit firm that has a member or members who have particular qualifications or experience; or

(iii) an authorised audit company;

(c)    require that a person may only participate in the conduct of the audit in a particular capacity if the person has the qualifications or experience specified in the regulations;

(d)    require that the audit of the financial report, or a part of it, be conducted in accordance with the auditing standards;

(e)    require that the financial report, or a part of it, must be prepared in compliance with the accounting standards;

(f)    require that the corporation ' s directors make a declaration of the kind specified in the regulations in respect of the financial report;

(g)    require that a declaration by the directors in relation to the financial report must only be made after each person who performs a particular function in relation to the corporation has given the directors a declaration of a kind specified in the regulations in respect of the financial report;

(h)    require that specified officers of the corporation sign the financial report. This subsection does not limit subsection (1) .

Note:

Paragraph (a) - Division 339 deals with the audit of a financial report.

Giving report to members

333-15(3)    
If a section 333-5 report is not a financial report or a directors ' report for a financial year, the regulations may:

(a)    require the corporation to give a copy of the report to its members (whether generally or on request); and

(b)    specify the time within which, and the manner in which, the report is to be given to the members.

Note:

An Aboriginal and Torres Strait Islander corporation is required to provide copies of a financial report or a directors ' report to members on request under Division 342 .