CTHRepealedAct
Australian Securities and Investments Commission Act 1989
6DPeriodic reports
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#### 6D Periodic reports
(1) In this section:
> periodic report means a regular report relating to the activities, operations, business or affairs of a body established by this Act.
(2) Where this or any other Act:
(a) requires a body to furnish a periodic report to the Minister; but
(b) does not specify a period within which the report is to be so furnished;
that body must furnish the report to the Minister as soon as practicable after the end of the particular period to which the report relates and, in any event, within 6 months after the end of that particular period.
(3) Where this or any other Act:
(a) requires a body to furnish a periodic report to the Minister for presentation to the Parliament; but
(b) does not specify a period within which the report is to be so presented;
the Minister must cause a copy of the periodic report to be laid before each House of the Parliament within 15 sitting days of that House after receiving the report.
(4) Where:
(a) this or any other Act requires a body to furnish a periodic report to the Minister within a specified period; and
(b) the body is of the opinion that it will not be reasonably possible to comply with the requirement;
the body may, within the specified period, apply to the Minister for an extension of the period, and, where the body does so apply, it must give the Minister a statement in writing explaining why, in the body’s opinion, it will not be reasonably possible to comply with the requirement.
(5) The Minister may, on application under subsection (4), grant such extension as he or she considers reasonable in the circumstances.
(6) Despite subsection (2) and any other provisions of this Act, where the Minister grants an extension pursuant to an application under subsection (4):
(a) the Minister must cause to be laid before each House of the Parliament, within 3 sitting days of that House after granting the extension, a copy of the statement given under subsection (4) in respect of the application together with a statement specifying the extension granted and the reasons for granting the extension; and
(b) the body that made the application must furnish the periodic report to the Minister within the period as so extended; and
(c) the Minister must cause a copy of the periodic report to be laid before each House of the Parliament within 15 sitting days of that House after receiving the report.
(7) Where this or any other Act requires a body to furnish a periodic report to the Minister within a specified period or an extension of that period under this section and the body fails to do so:
(a) the body must, not later than 14 days after the end of that specified period or extension, as the case may be, give the Minister a statement in writing explaining why the report was not furnished as required; and
(b) the Minister must cause a copy of the statement to be laid before each House of the Parliament within 3 sitting days of that House after receiving the statement.