Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 300B

  (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.