Document ID: chunk:federal_register_of_legislation:C2010A00066:clause:1_294a
Version: federal_register_of_legislation:C2010A00066
Segment Type: clause
Provision Reference: sch 1 cl 294A
Character Range: 16867–17666

294A  Small company limited by guarantee—member direction
 (1) Members with at least 5% of the votes in a small company limited by guarantee may give the company a direction to:
 (a) prepare a financial report and directors' report for a financial year; and
 (b) send them to members who have elected to receive them under section 316A.
 (2) The direction must be:
 (a) signed by the members giving the direction; and
 (b) made no later than 12 months after the end of the financial year concerned.
 (3) The direction may specify all or any of the following:
 (a) that the financial report does not have to comply with some or all of the accounting standards;
 (b) that a directors' report or a part of that report need not be prepared;
 (c) that the financial report is to be audited or reviewed.