Choices for members of companies, registered schemes or disclosing entities
316 Choices for members of companies, registered schemes or disclosing entities
A member may request the company, registered scheme or disclosing entity to send them a full financial report, sustainability report (if one is required to be prepared) and the directors’ report and auditor’s report.
A request under subsection (1) 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.
The time for complying with a request under subsection (1) is:
7 days after the request is received; or
the deadline for reporting under section 315;
whichever is later.
A full financial report, sustainability 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.
An offence based on subsection (2) or (3) is an offence of strict liability.
This section does not apply in relation to a company limited by guarantee.
This Act’s bill:Explanatory memorandumSecond reading speech
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