Document ID: chunk:federal_register_of_legislation:C2024C00492:section:6:p126
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 6 (pt 126/175)
Character Range: 490338–493022

to request the corporation also to give the member a copy of the auditor's report in relation to that financial report or that part of that financial report.
 (3D) If a member of the Aboriginal and Torres Strait Islander corporation requests the corporation to give the member a copy of an auditor's report in relation to a financial report, or a part of a financial report, the member is taken, for the purposes of this section to request the corporation also to give the member a copy of the financial report.

Sending reports
 (4) An Aboriginal and Torres Strait Islander corporation may send a report referred to in subsection (1) or (2) to a member using an electronic means if the member has nominated that means as one by which the member may be sent reports referred to in that subsection.
 (5) If a member of an Aboriginal and Torres Strait Islander corporation nominates:
 (a) an electronic means (the nominated notification means) by which the member may be notified that reports referred to in subsection (1) or (2) are available; and
 (b) an electronic means (the nominated access means) the member may use to access those reports;
the corporation may send a report referred to in that subsection to the member by notifying the member (using the nominated notification means):
 (c) that the report is available; and
 (d) how the member may make use of the nominated access means to access the report.
 (6) Subsections (4) and (5) do not limit subsection (1) or (2).

342‑10  Deadline for giving member copy of report
  If a member of an Aboriginal and Torres Strait Islander corporation requests the corporation under subsections 342‑5(3A) and (3B) to give the member a copy of a report in relation to a financial year, the corporation must give the member the copy of the report within 14 days after:
 (a) the lodgment of the report under section 348‑1 if the request is made before the report is lodged; and
 (b) the request is made if the request is made on or after the lodgment of the report under section 348‑1.

Division 345—Consolidated financial report

345‑1  Directors and officers of controlled entity to give information
 (1) If an Aboriginal and Torres Strait Islander corporation has to prepare a consolidated financial report, a director or officer of a controlled entity must give the corporation all information requested that is necessary to prepare the consolidated financial report.
Penalty: 25 penalty units or imprisonment for 6 months, or both.
 (2) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.

345‑5  Auditor's power to obtain information from controlled