Document ID: chunk:federal_register_of_legislation:C2004A01262:clause:1_83
Version: federal_register_of_legislation:C2004A01262
Segment Type: clause
Provision Reference: sch 1 cl 83
Character Range: 40315–41964

83  Final annual report for the Commission

(1) For each transitional reporting period, the final directors of the Commission must, in relation to the Commission, prepare the report referred to in section 9 of the Commonwealth Authorities and Companies Act 1997.

(2) If the proclamation day is 1 July 2004, the 2003‑04 financial year is a transitional reporting period.

(3) If the proclamation day is after 1 July 2004 but is or is before 1 October 2004, the period that:
 (a) starts at the beginning of 1 July 2003; and
 (b) ends immediately before the proclamation day;
is a transitional reporting period.

(4) If the proclamation day is after 1 October 2004:
 (a) the 2003‑04 financial year is a transitional reporting period; and
 (b) the period that:
 (i) starts at the beginning of 1 July 2004; and
 (ii) ends immediately before the proclamation day;
  is a transitional reporting period.

(5) For the purposes of this item, a transitional reporting period mentioned in subitem (3) or paragraph (4)(b) is to be treated as a financial year.

(6) For the purposes only of preparing the report, the final directors are to be treated as continuing to be directors, and are entitled to receive the remuneration and allowances they would have been entitled to receive if the Commission had not ceased to exist.

(7) The expenses (including remuneration and allowances) of preparation of the report are to be paid or discharged by the Commonwealth.

(8) In this item:
director has the same meaning as in the Commonwealth Authorities and Companies Act 1997.
final director means a person who was a director immediately before the proclamation day.