Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:2_235b
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 2 cl 235B
Character Range: 525682–526911

235B  Annual report

 (1) As soon as practicable after 30 June in each year, and in any event before 31 October, the FRC must give the Minister a report on:
 (a) the operations of:
 (i) the FRC and its committees and advisory groups; and
 (ii) the AASB and its committees, advisory panels and consultative groups; and
 (b) the achievement of the objects set out in section 224;
during the year that ended on 30 June in that year.

 (2) The report must include details of any change to the AASB's priorities or business plan that was made as a result of action taken by the FRC.

 (3) The Minister may grant an extension of time in special circumstances.

 (4) The Minister must table the report in each House of the Parliament as soon as practicable.

 (5) If the FRC is established during the last 3 months of a year ending on 30 June:
 (a) the FRC is not required to prepare an annual report for that year; and
 (b) the period from the time of establishment to the end of that year must be dealt with in the next annual report.

 (6) If the FRC is established during the first 9 months of a year ending on 30 June, the annual report for that year must cover the period from the time of establishment to the end of that year.