23Reporting to the Secretary

23 Reporting to the Secretary

(1) A registered corporation must: (a) prepare a report in accordance with this section for each period mentioned in subsection (2); and (b) give the report to the Secretary in accordance with subsection (5).

Note 1: Clause 3 of Schedule 1 provides for a civil penalty for failing to comply with this subsection.

Note 2: Section 70 of the Crimes Act 1914 creates an offence where Commonwealth officers (including persons performing services for or on behalf of the Commonwealth) disclose information in breach of a duty of confidentiality.

(2) The period is the period specified in the regulations. (3) The report must contain: (a) the information required to be contained in a report made to the public under section 22; and (b) any further information required by the regulations. (3A) Regulations made for the purposes of paragraph (3)(b) may only require information that is reasonably necessary to: (a) administer this Act; or (b) assess the extent to which this Act achieves its objects; or (c) assess the benefits and costs of complying with this Act. (4) The report must be in the form (if any) specified in the regulations. (5) The report must be given to the Secretary: (a) at the time specified in the regulations; and (b) in the manner (if any) specified in the regulations. (6) Despite subsection (5), the report need not be given to the Secretary at a time if, within the period of 12 months ending at that time, the registered corporation had given the Secretary another report under this section.