TT-Line Arrangements Act 1993

Before 28 February in each financial year, the board of directors must – prepare a report on the performance of the Company, and its subsidiaries, for the first 6 months of the financial year; and give a copy of the report to the members.

A report prepared under subsection (1) is to be in a form and contain the information specified in the Treasurer’s Instructions.

Within 7 days after giving a copy of a report to the members under subsection (1), the board of directors must publish a copy of the report on a website maintained by, or on behalf of, the Company so that it is freely available to members of the public.

Despite subsection (3), the board of directors may omit a part of a report prepared under subsection (1) before publishing the report under subsection (3) if the board of directors is of the opinion that publishing the report, without omitting that part, may – disadvantage or cause damage to the Company or its subsidiaries, whether directly or indirectly; or enable another person, whether directly or indirectly, to gain an unreasonable advantage; or constitute a breach of confidentiality; or prejudice an investigation into – misconduct or possible misconduct; or an offence, or possible offence, against this Act.

If the board of directors does not publish part of a report under subsection (3), for a reason specified in subsection (4), the board must include, with the report published in accordance with subsection (3), a statement that part of the report has been omitted under this section before being so published.