Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 316

Member's choices for annual financial information

(1) A member may request the company, registered scheme or disclosing entity:

not to send them the material required by section 314; or

to send them a full financial report and the directors' report and auditor's report.

A request may be a standing request or for a particular financial year. The member is not entitled to a report for a financial year earlier than the one before the financial year in which the request is made.

(2) The time for complying with a request under paragraph (1)(b) is:

7 days after the request is received; or

the deadline for reporting under section 315;

whichever is later.

(3) A full financial report, directors' report and auditor's report are to be sent free of charge unless the member has already received a copy of them free of charge.

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