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COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997

Table of Provisions

  • 1 1 Short title  
  • 2 2 Commencement  
  • 3 3 This Act binds the Crown  
  • 4 4 This Act extends to things outside Australia  
  • 5 5 Definitions  
  • 6 6 Offences and civil penalties  
  • 7 7 Meaning of Commonwealth authority  
  • 8 8 Role of Auditor-General  
  • 9 9 Directors must prepare annual report  
  • 10 10 Modified requirements for first year of existence  
  • 11 11 Contravention of annual report rules by directors  
  • 12 12 Audit of relevant subsidiary's financial statements  
  • 13 13 Interim reports  
  • 14 14 Estimates  
  • 15 15 Responsible Minister to be notified of significant events  
  • 16 16 Keeping responsible Minister and Finance Minister informed  
  • 17 17 Corporate plan for GBE  
  • 18 18 Banking and investment (authorities other than GBEs and SMAs)  
  • 19 19 Banking and investment (GBEs and SMAs)  
  • 20 20 Accounting records  
  • 21 21 Directors must disclose material personal interests  
  • 22 22 General obligations on officers  
  • 23 23 Officers must not make improper use of inside information or position  
  • 24 24 Effect of civil penalty disqualification on being a director  
  • 25 25 Other obligations and remedies not affected  
  • 26 26 Indemnifying officers  
  • 27 27 Insurance premiums for indemnity insurance of officers  
  • 28 28 Compliance with general policies of the Government  
  • 29 29 Activities of subsidiaries  
  • 30 30 Aligning accounting periods of subsidiaries  
  • 31 31 Exemption from requirement to align accounting periods of subsidiaries  
  • 32 32 Audit committee  
  • 33 33 Special rules for Commonwealth authorities established by regulations etc.  
  • 34 34 Meaning of Commonwealth company and wholly-owned Commonwealth company  
  • 35 35 Role of Auditor-General  
  • 36 36 Annual Report  
  • 37 37 Audit of relevant subsidiary's financial statements  
  • 38 38 Interim reports  
  • 39 39 Estimates  
  • 40 40 Responsible Minister to be notified of significant events  
  • 41 41 Keeping responsible Minister and Finance Minister informed  
  • 42 42 Corporate plan for GBE  
  • 43 43 Compliance with general policies of the Government  
  • 44 44 Audit committee  
  • 45 45 Ministers must inform Parliament of share acquisitions etc.  
  • 46 46 Companies conducted for the purposes of intelligence or security agencies  
  • 47 47 Regulations may deal with how this Act applies if body stops being a Commonwealth authority  
  • 48 48 Finance Minister's Orders  
  • 49 49 Regulations  

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