41CID entity annual report

41 CID entity annual report

41 CID entity annual report

(1) A CID entity for an approved CID proposal must give to the Authority, within 3 months after the end of each financial year, a report including the following information—

(a) a business plan for the CID entity’s current financial year approved by the committee of the CID entity,

(b) a copy of the financial statements for the CID entity for the previous financial year required under the Associations Incorporation Act 2009,

(c) a copy of the auditor’s report for the financial statements, if required under the Associations Incorporation Act 2009,

(d) a copy of the current conflict of interest policy required under section 38(1)(b), with details of conflicts of interest, if any, identified during the previous financial year and how the conflicts were managed,

(e) a copy of each agreement required under section 39,

(f) copies of valid insurance certificates, if any, issued to the CID entity during the previous financial year,

(g) a copy of the register of members of the CID entity at the end of the financial year,

(h) evidence that the CID entity has a website where the following information is publicly available—

(i) a copy of the approval of the CID proposal,

(ii) copies of the minutes of general meetings or annual general meetings of the CID entity, if any,

(iii) a copy of the information referred to in paragraphs (a)–(f),

(iv) an explanation that business land owners and CID businesses are eligible for free membership of the CID entity and details of how to become a member,

(v) a link to the Authority’s website.

(2) Despite subsection (1), if the CID entity for an approved CID proposal gave the Authority a report under section 40 within 6 months before the end of the financial year, the Authority may, by written order, permit the CID to give the report under this section for the financial year at the same time as giving the report for the following financial year.