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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PART 2M.3 - FINANCIAL REPORTING

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Division 4 - Annual financial reporting to members

SECTION 316 MEMBER'S CHOICES FOR ANNUAL FINANCIAL INFORMATION

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316(1) [Member request]

A member may request the company, registered scheme or disclosing entity:

(a) not to send them the material required by section 314; or

(b) to send them a full financial report and the directors' report and auditor's report.

A request 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) [Time for compliance with request]

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

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

(b) the deadline for reporting under section 315;

whichever is later.

316(3) [Cost]

A full financial 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.

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