Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) As soon as practicable after the end of each financial year, the committee of management of a reporting unit must cause an operating report to be prepared in relation to the financial year.
(2) The operating report must:
(a) contain a review of the reporting unit's principal activities during the year, the results of those activities and any significant changes in the nature of those activities during the year; and
(b) give details of any significant changes in the reporting unit's financial affairs during the year; and
(c) give details of the right of members to resign from the reporting unit under section 174; and
(d) give details (including details of the position held) of any officer or member of the reporting unit who is:
(i) a trustee of a superannuation entity or an exempt public sector superannuation scheme; or
(ii) a director of a company that is a trustee of a superannuation entity or an exempt public sector superannuation scheme; and
where a criterion for the officer or member being the trustee or director is that the officer or member is an officer or member of a registered organisation; and
(e) contain any other information that the reporting unit considers is relevant; and
(f) contain any prescribed information.
(3) To avoid doubt, the operating report may be prepared by the committee of management or a designated officer.
(4) A reporting unit must not contravene this section.
Civil penalty: 100 penalty units.