Commonwealth Numbered Acts

AUSTRALIAN TELECOMMUNICATIONS CORPORATION ACT 1989 No. 54 of 1989 - SECT 39

39. The report of Telecom's operations for a financial year shall:

   (a)  include the objectives of Telecom and its subsidiaries under the
        corporate plan;

   (b)  include an outline of:

        (i)    the overall strategies and policies of Telecom and its
               subsidiaries under the corporate plan; and

        (ii)   the performance indicators and targets under the plan;

   (c)  include an assessment of the extent to which the operations of Telecom
        and its subsidiaries during the year have achieved those objectives;

   (d)  include an outline of the strategies and policies that Telecom is
        following to carry out its community service obligations;

   (e)  if the Minister has, under subsection 36 (1), directed the Board to
        vary the statement included in the corporate plan of Telecom's
        strategies and policies to carry out its
        community service obligations-include an outline of the strategies and
        policies that the Minister directed the Board to vary;

   (f)  include an assessment of the appropriateness and adequacy of the
        strategies and policies that Telecom is following to carry out its
        community service obligations;

   (g)  include particulars of:

        (i)    any general policies of the Commonwealth Government notified
               under section 44 that are applicable to the year; and

        (ii)   any directions given by the Minister under section 45 that are
               applicable to the year;

   (h)  deal specifically with the effect on Telecom's operations during the
        year of:

        (i)    each such policy and direction; and

        (ii)   any other obligations of Telecom under this or any other Act
               that require it to act otherwise than in accordance with normal
               commercial practice;

   (j)  include particulars of:

        (i)    companies that Telecom and its subsidiaries formed, and
               companies in whose formation Telecom and its subsidiaries
               participated, during the year;

        (ii)   companies that became or ceased to be subsidiaries of Telecom
               and its subsidiaries during the year; and

        (iii)  interests in partnerships, trusts, unincorporated joint
               ventures and other arrangements for the sharing of profits that
               Telecom and its subsidiaries acquired or disposed of during the
               year; and

   (k)  include an outline of:

        (i)    shares that Telecom subscribed for, purchased or disposed of
               during the year;

        (ii)   other business interests that Telecom and its subsidiaries
               acquired or disposed of during the year; and

        (iii)  other activities of Telecom's subsidiaries during the year.