Commonwealth Numbered Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 No. 153 of 1997 - SECT 10

(1) If a Commonwealth authority is established during the last 3 months of a
financial year:

   (a)  the directors are not required to prepare an annual report for that
        financial year; and

   (b)  the period from the time of establishment to the end of the financial
        year must be dealt with in the next annual report.

(2) If a Commonwealth authority is established during the first 9 months of a
financial year, the annual report for the financial year must cover the period
from the time of establishment to the end of the financial year.