Document ID: chunk:federal_register_of_legislation:C2025C00185:section:293
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 293
Character Range: 1050085–1050825

293  Small proprietary company—shareholder direction
 (1) Shareholders with at least 5% of the votes in a small proprietary company may give the company a direction to:
 (a) prepare a financial report and directors' report for a financial year; and
 (b) send them to all shareholders.
 (2) The direction must be:
 (a) signed by the shareholders 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.