1ASIC Corporations (Directors' Report Relief) Instrument 2016/188

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ASIC Corporations (Directors’ Report Relief) Instrument 2016/188

I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date: 15 August 2016

 

 

Stephen Yen

 

Contents

Part 1—Preliminary 

1 Name of legislative instrument.....................................

2 Commencement................................................

3 Authority.....................................................

4 Definitions....................................................

Part 2—Order 

5 Relief allowing transfer of information from the Directors’ Report........

 

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Directors’ Report Relief) Instrument 2016/188.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subsection 341(1) of Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

entity means company, registered scheme or disclosing entity.

 

 

 

 

Part 2—Order

5 Relief allowing transfer of information from the Directors’ Report

(1) An entity does not have to comply with paragraph 298(1AA)(c), paragraph 298(1AB)(b), subsection 298(1A), sections 299 to 300 (other than subsections 300(11B) and (11C)) and section 300B of the Act to the extent that these sections require certain information to be included in the directors’ report (or in the financial report under subsection 300(2) of the Act) for a financial year (the relevant period).

(2) A disclosing entity does not have to comply with section 306 of the Act to the extent that the section requires certain information to be included in the directors’ report for a half-year (the relevant period).