Document ID: chunk:federal_register_of_legislation:F2020L01628:reg:21
Version: federal_register_of_legislation:F2020L01628
Segment Type: reg
Provision Reference: reg 21
Character Range: 23659–24846

21  Annual report
 (1) The administrator of an accredited voluntary arrangement must, in accordance with any conditions, give the Minister an annual report about the performance of the arrangement in relation to the outcomes of the arrangement.
Note: A condition on the accreditation of the arrangement may impose obligations on the administrator in relation to the annual report, including obligations about when the report must be given to the Minister and what information must be in the report.
 (2) The annual report must:
 (a) identify the product in relation to which the arrangement is accredited; and
 (b) describe the performance of the arrangement in relation to each outcome of the arrangement; and
 (c) describe any activities undertaken in relation to the matters mentioned in paragraph 9(1)(b); and
 (d) if an outcome was not achieved—explain why the outcome was not achieved and the measures proposed to be implemented to rectify the failure to achieve the outcome; and
 (e) include a financial statement setting out the income and expenses of the arrangement for the year to which the report relates; and
 (f) include evidence to support any claims made in the report.