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CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 74

Extra matters to be included in annual report

             (1)  Each annual report on the Corporation under section 9 of the Commonwealth Authorities and Companies Act 1997 must do the following:

                     (a)  state the total value of section 63 investments as at the end of the financial year, by reference to the class of clean energy technologies to which the investments relate;

                     (b)  set out details of the realisation of any section 63 investments in the financial year;

                     (c)  if, as at the end of the financial year, less than half of the funds invested for the purposes of the Corporation's investment function are invested in renewable energy technologies--an explanation of the reasons why;

                     (d)  state the total value of concessions given by the Corporation in the financial year;

                     (e)  include a balance sheet setting out, as at the end of the financial year, the assets and liabilities of the Corporation and a statement of cash flows;

                      (f)  set out the remuneration and allowances of Board members and senior staff of the Corporation for the financial year;

                     (g)  set out the Corporation's operating costs and expenses for the financial year;

                     (h)  benchmark the Corporation's operating costs and expenses for the financial year against the operating costs and expenses of other comparable entities for that financial year;

                      (i)  set out details of any procurement contracts to which the Corporation is party that are in force at any time in the financial year and have a value of more than $80,000;

                      (j)  set out details of credits and debits to the Account in the financial year.

             (2)  An annual report must also do the things referred to in paragraphs (1)(d) to (i) in relation to each subsidiary of the Corporation in existence at the end of the financial year.



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