Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 198F

Right of access to company books

 
Right while director
 
 
(1)
A director of a
company may inspect the books of the company (other than its financial
records) at all reasonable times for the purposes of a legal proceeding:
 
 
 
(a)
to which the person
is a party; or

(b)
that the person proposes in good faith to bring; or

(c)
that the person has reason to believe will be brought against
them. 

 
 Note: Section 290 gives the
director a right of access to financial records. 


 
Right during 7 years after ceasing to be director
 
 
(2)
A person who has ceased to be a director of a company
may inspect the books of the company (including its financial records) at all
reasonable times for the purposes of a legal proceeding: 
 
 
 
(a)
to which the person is a party;
or

(b)
that the person proposes in good faith to bring; or

(c)
that the person has reason to believe will be brought against
them. 

 
This right continues for 7 years after the person ceased to be
a director of the company.
 
Right to take copies
 

(3)
A person authorised to inspect books under this section for the
purposes of a legal proceeding may make copies of the books for the purposes
of those proceedings. 
 
 
Company not to refuse access
 
 
(4)
A company must allow a person to exercise their rights
to inspect or take copies of the books under this section. 
 
Interaction with other rules
 
 
(5)
This section
does not limit any right of access to company books that a person has apart
from this section.