280Annual directors’ report—specific information

280 Annual directors’ report—specific information

280 Annual directors’ report—specific information

(1) Details to be included

(cf Corporations Act s 300 (1))

The directors’ report for a financial year must include details of—

(a) dividends or distributions paid to members during the year; and

(b) dividends or distributions recommended or declared for payment to members, but not paid, during the year; and

(c) the name of each person who has been a director of the co-operative at any time during or since the end of the year and the period for which they were a director; and

(d) the name of each person who—

(i) is an officer of the co-operative at any time during the year; and

(ii) was a partner in an audit firm, or a director of an audit company, that is an auditor of the co-operative for the year; and

(iii) was such a partner or director at a time when the audit firm or the audit company undertook an audit of the co-operative; and

(e) options that are—

(i) granted over unissued shares or unissued interests during or since the end of the year; and

(ii) granted to any of the directors or any of the 5 most highly remunerated officers of the co-operative (other than the directors); and

(iii) granted to them as part of their remuneration (see subsections (4)–(6)); and

(f) unissued shares or interests under option as at the day the report is made (see subsections (4) and (6)); and

(g) shares or interests issued during or since the end of the year as a result of the exercise of an option over unissued shares or interests (see subsections (4) and (7)); and

(h) indemnities given and insurance premiums paid during or since the end of the year for a person who is or has been an officer or auditor (see subsections (8) and (9)).

(2) Details included in financial report

(cf Corporations Act s 300 (2))

Details do not have to be included in the directors’ report under this section if they are included in the co-operative’s financial report for the financial year.