Commonwealth Consolidated Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 - SECT 10

             (1)  If a Commonwealth authority is established during the last 3 months of a financial year:

                     (a)  the directors are not required to prepare an annual report for that financial year; and

                     (b)  the period from the time of establishment to the end of the financial year must be dealt with in the next annual report.

             (2)  If a Commonwealth authority is established during the first 9 months of a financial year, the annual report for the financial year must cover the period from the time of establishment to the end of the financial year.