Corporations Act 2001
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Hide history noteCCH Note: The application of Division 1 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Division 1, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
Note: This Division applies to retail CCIVs with modifications: see Subdivision C of Division 4 of Part 8B.4 .
CCH Note: Section 300B is modified by the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.
The directors ' report for a financial year for a company limited by guarantee must:
(a) contain a description of the short and long term objectives of the entity reported on; and
(b) set out the entity ' s strategy for achieving those objectives; and
(c) state the entity ' s principal activities during the year; and
(d) state how those activities assisted in achieving the entity ' s objectives; and
(e) state how the entity measures its performance, including any key performance indicators used by the entity.
300B(2)
The entity reported on is:
(a) the company (if consolidated financial statements are not required); or
(b) the consolidated entity (if consolidated financial statements are required).
300B(3)
The directors ' report for a financial year for a company limited by guarantee must also include details of:
(a) the name of each person who has been a director of the company at any time during or since the end of the year and the period for which the person was a director; and
(b) each director ' s qualifications, experience and special responsibilities; and
(c) the number of meetings of the board of directors held during the year and each director ' s attendance at those meetings; and
(d) for each class of membership in the company - the amount which a member of that class is liable to contribute if the company is wound up; and
(e) the total amount that members of the company are liable to contribute if the company is wound up.
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