Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p25
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 62834–65661

6 months of a financial year of the body, cause a profit and loss account for that 6 months, and a balance-sheet as at the end of that 6 months, to be made out and lodged with the Commission and with the trustee for the holders of the debentures (if any).

"(6) The directors of a borrowing corporation that is a holding company must:

     (a) within 90 days of the end of a financial year of the corporation, cause a set of consolidated accounts for the corporation and each guarantor body that is a subsidiary of the corporation for that financial year to be made out and lodged with the Commission and with the trustee for the holders of the debentures (if any); and

     (b) within 75 days of the end of the first 6 months of a financial year of the corporation, cause a set of consolidated accounts for the corporation and each guarantor body that is a subsidiary of the corporation for that 6 months to be made out and lodged with the Commission and with the trustee for the holders of the debentures (if any).".

96. Subsections 1058(12) and (13):

  Omit the subsections.

97. Paragraph 1058(17)(b):

Omit all the words after "lodge", substitute "documents with the trustee as required by subsections (5) to (15), inclusive, and subsection 317A(2);".

98. Subsections 1058(18) and (19):

  Omit the subsections.

SCHEDULE 1—continued

99. After paragraph 1069(1)(e):

  Insert:

      "(ea) a covenant binding the management company and the trustee or representative, respectively, to comply with Division 11 of Part 3.6, and with regulations in force for the purposes of section 323L, so far as applicable;".

100. Paragraph 1069(1)(f):

  Omit "2 months", substitute "the prescribed period".

101. Subparagraph 1069(1)(f)(i):

  Omit the subparagraph, substitute:

       "(ia) if relevant prescribed interests are ED securities at the end of the financial year—a copy of the accounts that sections 323C and 323D require, and a copy of the report that section 323J requires; and

       (i) otherwise—a statement of the accounts for that financial year in relation to the relevant prescribed interests; and".

102. After subsection 1069(8):

  Insert:

  "(8A) The covenant required by paragraph (1)(ea) is taken:

    (a) to be contained in every approved deed in force at the commencement of this subsection; and

    (b) in relation to a prescribed interest to which subsection (8) applies—to be given by a deed in force in relation to that interest.".

103. Section 1069:

  Add at the end:

  "(15) In this section:

'financial year', in relation to a deed relating to prescribed interests, means a financial year of the undertaking to which the interests relate.".

104. Paragraphs 1071(1)(a) and (b):

  Omit "2 months", substitute "the prescribed period".

105. Subsection 1071(4):

  Insert:

" 'financial