Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 308

308. (1) If subsection 304 (1) applies, this section applies in relation to
the company.

(2) If subsection 305 (1) applies, this section applies in relation to each
body corporate in the group that has at any time granted to a person an option
to have shares in the body issued to the person.

(3) The report shall state, in relation to each option that the company or
body corporate has, during or since the financial year, granted to a person to
have shares in the company or body issued to the person:

   (a)  unless subsection 304 (1) applies-the name of the company or body;

   (b)  the name of the person to whom the option was granted or, if it was
        granted generally to all the holders of shares or debentures, or of a
        class of shares or debentures, of the company or body or of any other
        body corporate, that the option was so granted;

   (c)  the number and classes of shares in respect of which the option was
        granted;

   (d)  the day of expiration of the option;

   (e)  the basis on which the option is or was to be exercised; and

   (f)  whether or not a person entitled to exercise the option has or had, by
        virtue of the option, a right to participate in a share issue of any
        other body corporate.

(4) The report shall state:

   (a)  unless subsection 304 (1) applies-the name of the company or body
        corporate;

   (b)  particulars of shares in the company or body issued, during or since
        the financial year, by virtue of the exercise of an option;

   (c)  the number and classes of unissued shares in the company or body under
        option as at the day the report is made out;

   (d)  the prices, or the method of fixing the prices, of issue of those
        unissued shares;

   (e)  the days of expiration of the options in respect of those unissued
        shares; and

   (f)  particulars of the rights (if any) of the holders of the options in
        respect of those unissued shares to participate by virtue of the
        options in any share issue of any other body corporate.

(5) If particulars that this section requires have been stated in a previous
report made out in relation to the company under this Division or a
corresponding law, they may be stated by referring to that report.