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CORPORATIONS ACT 2001 - SECT 300B

Annual directors' report--companies limited by guarantee

             (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.



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