Document ID: chunk:federal_register_of_legislation:F2024C00932:reg:22:p2
Version: federal_register_of_legislation:F2024C00932
Segment Type: reg
Provision Reference: reg 22 (pt 2/2)
Character Range: 22533–24753

for the financial year;
 (q) for any application for leave made during the year under section 169‑5 of the Act:
 (i) the applicant's name; and
 (ii) a statement whether leave was granted;
 (r) for any proceedings that, during the year, a person has brought or intervened in for the corporation with leave under section 169‑5 of the Act:
 (i) the person's name; and
 (ii) the names of the parties to the proceedings; and
 (iii) sufficient information to enable members of the corporation to understand the nature and status of the proceedings (including the cause of action and orders made by the Court).
 (2) The directors' report must be prepared:
 (a) if consolidated financial statements are not required—for the corporation; or
 (b) if consolidated financial statements are required—for the consolidated entity.
 (3) If the financial report for the financial year includes additional information under paragraph 21(3)(b), the directors' report must also specify:
 (a) the directors' reasons for forming the opinion that the inclusion of the additional information was necessary to give a true and fair view of the financial position and performance of the corporation or the consolidated entity (as the case may be); and
 (b) where the additional information can be found in the financial report.
 (4) The directors' report may omit information that would otherwise be included under paragraph (1)(e) if the inclusion of the information would be likely to result in unreasonable prejudice to the corporation or the consolidated entity.
 (5) The directors' report may omit information that is included in the corporation's financial report for the financial year.
 (6) If information mentioned in subsections (4) or (5) is not included in the directors' report, the directors' report:
 (a) must contain a statement that the information is not included; and
 (b) if the information omitted is included in the corporation's financial report for the financial year—must state where the information may be found in the financial report.
 (7) The directors' report must:
 (a) be prepared in accordance with a resolution of the directors; and
 (b) specify the date when the report is made; and
 (c) be signed by a director.