TASIn ForceAct
Electricity Companies Act 1997
18ACompany to report on progress
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### 18A Company to report on progress
> [*\[Section 18A of Part 2 Inserted by No. 18 of 2025, s. 9, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS9@EN)
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> > (1) Before 28 February in each financial year, the board of directors of a company must –
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> > > > (a) prepare a report on the performance of the company, and its subsidiaries, for the first 6 months of the financial year; and
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> > > > (b) give a copy of the report to the members of the company.
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> > (2) A report prepared under [subsection (1)](#GS18A@Gs1@EN) is to be in a form, and contain the information, specified in the Treasurer’s Instructions.
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> > (3) Within 7 days after giving a copy of a report to the members under [subsection (1)](#GS18A@Gs1@EN) , the board of directors must publish a copy of the report on a website maintained by, or on behalf of, the company so that it is freely available to members of the public.
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> > (4) Despite [subsection (3)](#GS18A@Gs3@EN) , the board of directors of a company may omit a part of a report prepared under [subsection (1)](#GS18A@Gs1@EN) before publishing the report under [subsection (3)](#GS18A@Gs3@EN) if the board is of the opinion that publishing the report, without omitting that part, may –
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> > > > (a) disadvantage or cause damage to the company or its subsidiaries, whether directly or indirectly; or
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> > > > (b) enable another person, whether directly or indirectly, to gain an unreasonable advantage; or
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> > > > (c) constitute a breach of confidentiality; or
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> > > > (d) prejudice an investigation into –
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> > > > > > (i) misconduct or possible misconduct; or
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> > > > > > (ii) an offence, or possible offence, against this Act.
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> > (5) If the board of directors does not publish part of a report under [subsection (3)](#GS18A@Gs3@EN) , for a reason specified in [subsection (4)](#GS18A@Gs4@EN) , the board must include, with the report published in accordance with [subsection (3)](#GS18A@Gs3@EN) , a statement that part of the report has been omitted under this section before being so published.