Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL AND SUSTAINABILITY REPORTING  

Division 4 - Annual financial and sustainability reporting to members  

Note: This Division applies to reports relating to sub-funds of retail CCIVs in a modified form: see section 1232H .

SECTION 316   CHOICES FOR MEMBERS OF COMPANIES, REGISTERED SCHEMES OR DISCLOSING ENTITIES  

316(1)    

A member may request the company, registered scheme or disclosing entity to send them a full financial report, sustainability report (if one is required to be prepared) and the directors ' report and auditor ' s report.

316(1A)    

A request under subsection (1) may be a standing request or for a particular financial year. The member is not entitled to a report for a financial year earlier than the one before the financial year in which the request is made.

316(2)    

The time for complying with a request under subsection (1) is:

(a)    7 days after the request is received; or

(b)    the deadline for reporting under section 315 ;

whichever is later.

316(3)    

A full financial report, sustainability report, directors ' report and auditor ' s report are to be sent free of charge unless the member has already received a copy of them free of charge.

316(4)    

An offence based on subsection (2) or (3) is an offence of strict liability.

316(5)    

This section does not apply in relation to a company limited by guarantee.