Document ID: chunk:federal_register_of_legislation:C2023C00417:section:79
Version: federal_register_of_legislation:C2023C00417
Segment Type: section
Provision Reference: s 79
Character Range: 124304–125570

79  Financial statements
 (1) The Communications Minister and the Finance Minister may give NBN Co a written direction requiring NBN Co to give the Communications Minister and the Finance Minister a specified financial statement or statements for a specified period or for each specified period.
 (2) NBN Co must comply with a direction under subsection (1).
 (3) The following are examples of periods that may be specified under subsection (1):
 (a) the first 3 months of each financial year;
 (b) the first 6 months of each financial year;
 (c) the first 9 months of each financial year;
 (d) each financial year.
 (4) The members of the Board must:
 (a) prepare each statement in accordance with written guidelines given to the Board by the Communications Minister and the Finance Minister; and
 (b) give the statement to the Communications Minister and the Finance Minister within 2 months after the end of the period to which the statement relates.
 (5) The Communications Minister and the Finance Minister may grant extensions of time in special circumstances.
 (6) A guideline given under paragraph (4)(a) is not a legislative instrument.
 (7) In this section:
financial statements includes financial statements for the group consisting of NBN corporations.