Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 43

43. After section 421 of the Corporations Law the following section is
inserted: Managing controller to report within 2 months about corporation's
affairs

"421A.(1) A managing controller of property of a corporation must prepare a
report about the corporation's affairs that is in the prescribed form and is
made up to a day not later than 30 days before the day when it is prepared.

"(2) The managing controller must prepare and lodge the report within 2 months
after the control day.

"(3) As soon as practicable, and in any event within 14 days, after lodging
the report, the managing controller must cause to be published in a national
newspaper, or in each jurisdiction in a daily newspaper that circulates
generally in that jurisdiction, a notice stating:

   (a)  that the report has been prepared; and

   (b)  that a person can, on paying the prescribed fee, inspect the report at
        specified offices of the Commission.

"(4) If, in the managing controller's opinion, it would seriously prejudice:

   (a)  the corporation's interests; or

   (b)  the achievement of the objectives for which the controller was
        appointed, or entered into possession or assumed control of property
        of the corporation, as the case requires; if particular information
        that the controller would otherwise include in the report were made
        available to the public, the controller need not include the
        information in the report.

"(5) If the managing controller omits information from the report as permitted
by subsection (4), the controller must include instead a notice:

   (a)  stating that certain information has been omitted from the report; and

   (b)  summarising what the information is about, but without disclosing the
        information itself.".