THE CORPORATIONS LAW

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

PART 2M.3 - FINANCIAL REPORTING

Division 4 - Annual financial reporting to members

SECTION 318   ADDITIONAL REPORTING BY DEBENTURE ISSUERS  

318(1)  [Trustee to receive reports]  

A company or disclosing entity that was a borrower in relation to debentures at the end of a financial year must give a copy of the annual financial report, directors' report and auditor's report to the trustee for debenture holders by the deadline for the financial year set by section 315.

318(2)  [Debenture holder]  

A debenture holder may ask the company or disclosing entity that issued the debenture for copies of:

(a)  the last reports sent to members under section 314; or

(b)  the full financial report and the directors' report and auditor's report for the last financial year.

318(3)  [Copies to debenture holder]  

The company or entity must give the debenture holder the copies as soon as practicable after the request and free of charge.

318(4)  [Disclosing entity that was a borrower in relation to debentures]  

A disclosing entity that was a borrower in relation to debentures at the end of a half-year must give a copy of the half-year financial report, directors' report and auditor's report to the trustee for debenture holders within 75 days after the end of the half-year.

318(5)-(7)  (Repealed by No 61 of 1998, Sch 1 (effective 1 July 1998).)