Document ID: chunk:federal_register_of_legislation:C2008A00061:clause:2_12
Version: federal_register_of_legislation:C2008A00061
Segment Type: clause
Provision Reference: sch 2 cl 12
Character Range: 34175–35620

12  Reporting requirements of the FRC etc.

Future reporting requirements

(1) If:
 (a) immediately before the commencement time, a law required the FRC, the Chair of the FRC or the members of the FRC to provide a report (whether financial statements or otherwise) relating to the AASB or the AUASB for a period; and
 (b) the period ends after the commencement time;
the FRC must provide the report, as required, for so much of the period as occurs before the commencement time.

(2) If:
 (a) under subitem (1), the FRC is required to provide a report for a part of a period; and
 (b) the FRC is also required to provide a similar report for the remainder of the period;
the FRC may meet the requirements in a single report for the period.

Outstanding reporting requirements

(3) If:
 (a) a law required the FRC, the Chair of the FRC or the members of the FRC to provide a report (whether financial statements or otherwise) relating to the AASB or the AUASB for a period that ended before the commencement time; and
 (b) the report has not been provided by the commencement time;
the FRC must provide the report as required.

Application of law to Chair of the FRC

(4) To avoid doubt, if, under this item, the FRC is required to provide a report under a law, the law applies to the FRC in respect of the report in the same way as the law would have applied to the FRC, the Chair of the FRC or the members of the FRC in respect of the report.