THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

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Chapter 2M inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

PART 2M.3 - FINANCIAL REPORTING

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Part 2M.3 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

Division 1 - Annual financial reports and directors' reports

SECTION 298   ANNUAL DIRECTORS' REPORT  

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298(1)  [Directors' report]  

The company, registered scheme or disclosing entity must prepare a directors' report for each financial year. The report must include:

(a)  the general information required by section 299; and

(b)  the specific information required by section 300.

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S 298(1) substituted by No 61 of 1998, Sch 1 (effective 1 July 1998).

298(2)  [Requirements]  

The report must:

(a)  be made in accordance with a resolution of the directors; and

(b)  specify the date on which the report is made; and

(c)  be signed by a director.

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S 298(2) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

298(3)  [Small proprietary company]  

A small proprietary company does not have to comply with subsection (1) for a financial year if:

(a)  it is preparing financial statements for that year in response to a shareholder direction under section 293; and

(b)  the direction specified that a directors' report need not be prepared.

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S 298(3) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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