Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.2 - FINANCIAL RECORDS  

SECTION 290   DIRECTOR ACCESS  
Personal access

290(1)    

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A director of a company, registered scheme, registrable superannuation entity or disclosing entity has a right of access to the financial records at all reasonable times.

Note: Section 1232B extends this section to the directors of the corporate director of a retail or wholesale CCIV.

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History

S 290(1) amended by No 29 of 2023, s 3, Sch 6[31] (effective 1 July 2023).

S 290(1) amended by No 8 of 2022, s 3, Sch 2[111] (effective 1 July 2022).

Court order for inspection on director ' s behalf

290(2)    
On application by a director, the Court may authorise a person to inspect the financial records on the director ' s behalf.

290(3)    
A person authorised to inspect records may make copies of the records unless the Court orders otherwise.

290(4)    
The Court may make any other orders it consider [ sic ] appropriate, including either or both of the following:

(a)    an order limiting the use that a person who inspects the records may make of information obtained during the inspection;

(b)    an order limiting the right of a person who inspects the records to make copies in accordance with subsection (3) .

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