Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-3 - REPORTING REQUIREMENTS  

Division 327 - Overview of reporting obligations  

SECTION 327-1   REPORTS THAT AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION MUST PREPARE AND LODGE  

327-1(1)    
The reports that an Aboriginal and Torres Strait Islander corporation has to prepare are:

(a)    a general report in relation to each financial year (see Division 330); and

(b)    any reports (which might include a financial report, or directors ' report, for a financial year) that are required by the regulations (see Division 333 ); and

(c)    any reports that are required by the Registrar (see Division 336 ).

327-1(2)    
All these reports must be lodged with the Registrar (see Division 348 ).

327-1(3)    
A financial report may need to be audited (see paragraphs 333-15(2)(a) , 336-1(7)(a) and 336-5(7)(a) ). If it does:

(a)    Division 339 makes provision in relation to the conduct of the audit; and

(b)    the auditor ' s report must be lodged with the Registrar. Subdivision 339-F allows regulations to be made in relation to the appointment and removal of auditors.

327-1(4)    
Financial reports, directors ' reports and auditors ' reports must be given to members on request (see Division 342 ).

327-1(5)    
Other reports that the corporation is required to prepare may also have to be given to members (see subsection 333-15(3) and paragraphs 336-1(6)(a) and 336-5(6)(a) ).