Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) 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.
(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).
(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.