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CORPORATIONS ACT 2001 - SECT 316 Choices for members of companies, registered schemes or disclosing entities

CORPORATIONS ACT 2001 - SECT 316

Choices for members of companies, registered schemes or disclosing entities

  (1)   A member may request the company, registered scheme or disclosing entity to send them a full financial report and the directors' report and auditor's report.

  (1A)   A request under subsection   (1) 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.

  (2)   The time for complying with a request under subsection   (1) is:

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

  (b)   the deadline for reporting under section   315;

whichever is later.

  (3)   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.

  (4)   An offence based on subsection   (2) or (3) is an offence of strict liability.

  (5)   This section does not apply in relation to a company limited by guarantee.

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