333‑5.01 Financial reports, directors’ r333‑5.01 Financial reports, directors’ reports and other reports

333‑5.01 Financial reports, directors’ reports and other reports

(1) This Subdivision applies to an Aboriginal and Torres Strait Islander corporation: (a) registered under the Act on 30 June of a financial year as a small or medium corporation, and having a CGOI in the financial year of $5 000 000 or more; or (b) registered under the Act on 30 June of a financial year as a large corporation. (2) This Subdivision does not apply to: (a) a transitional corporation reporting for the 2006‑2007 financial year; or (b) a transitional corporation, reporting for the 2007‑2008 financial year, that has made an election under item 60 of Schedule 3 to the Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006. (3) For subsection 333‑5(1) of the Act, the corporation must prepare a financial report and a directors’ report for the financial year.

Note 1: For a transitional corporation reporting for the 2006‑2007 financial year, see Division 10 of Part 2 of Schedule 3 to the Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006.

Note 2: For a transitional corporation reporting for the 2007‑2008 financial year, see Division 11 of Part 2 of Schedule 3 to the Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006.