7Financial statements for money received for performers

7 Financial statements for money received for performers

7 Financial statements for money received for performers

(1) An entertainment industry representative who receives money on behalf of a performer must, as soon as practicable after receiving the money, give a financial statement to the following persons—

(a) the performer,

(b) any other entertainment industry representative who has represented the performer, or carried out activities on behalf of the performer, in connection with the performance for which the money has been received,

(c) the entertainment industry hirer (or other person) by whom or on whose behalf the money has been paid.

(2) A financial statement required to be given to another entertainment industry representative must include—

(a) a statement of the amount of money received on behalf of the performer by the representative giving the statement, and

(b) a statement of the amount of money paid to the performer for the performance.

(3) A financial statement required to be given to a performer must include—

(a) a statement of the amount of money received on behalf of the performer by the representative giving the statement, and

(b) a statement of the amount of money paid to the performer for each performance, including the following particulars—

(i) the method of payment,

(ii) any deduction from the money received by the representative that has been made for the representative’s fee or other remuneration,

(iii) any deduction from the money received by the representative that has been made for expenses incurred by the performer in connection with the performance (such as for travel expenses and equipment hire) and paid for by the representative, and

(c) the date and details of any performance to which the statement relates, and

(d) any business name under which the representative carries on business as a representative, and

(e) if the representative is a corporation under the Corporations Act 2001 of the Commonwealth, the corporation’s ACN within the meaning of that Act, and