Document ID: chunk:federal_register_of_legislation:F2024C00932:reg:22:p1
Version: federal_register_of_legislation:F2024C00932
Segment Type: reg
Provision Reference: reg 22 (pt 1/2)
Character Range: 19905–22768

22  Directors' reports
 (1) For the purposes of subsection 333‑10(1) of the Act, a directors' report for a financial year prepared by an Aboriginal and Torres Strait Islander corporation must include the following information:
 (a) a review of operations of the corporation during the financial year and the results of those operations;
 (b) details of any significant changes in the corporation's state of affairs during the financial year;
 (c) a statement of the corporation's principal activities, and any significant changes in the nature of those activities, during the financial year;
 (d) details of any matter or circumstance that has arisen since the end of the financial year that has significantly affected, or may significantly affect:
 (i) the corporation's operations in future financial years; or
 (ii) the results of those operations in future financial years; or
 (iii) the corporation's state of affairs in future financial years;
 (e) likely developments in the corporation's operations in future financial years and the expected results of those operations;
 (f) if the corporation's operations are subject to any particular and significant environmental regulation under a Commonwealth, State or Territory law—details of the corporation's performance in relation to that environmental regulation;
 (g) details of distributions paid to members during the financial year;
 (h) details of distributions recommended or declared for payment to members, but not paid, during the financial year;
 (i) the name of each person who has been a director of the corporation during the financial year and the period of the director's tenure;
 (j) details of each director's qualifications, experience and special responsibilities in relation to the corporation;
 (k) the number of meetings of the board of directors held during the financial year and each director's attendance record at those meetings;
 (l) the number of meetings of each board committee held during the financial year and each director's attendance record at those meetings;
 (m) the name of each person who has been a secretary of the corporation during the financial year;
 (n) details of each secretary's qualifications and experience;
 (o) the name of each person who:
 (i) was an officer of the corporation at any time during the financial year; and
 (ii) was, when an audit firm or audit company that is an auditor of the corporation undertook an audit of the corporation, a partner in the audit firm or a director of the audit company;
 (p) a copy of the auditor's written declaration under subsection 339‑50(2) or (4) of the Act for the audit for the financial year;
 (q) for any application for leave made during the year under section 169‑5 of the Act:
 (i) the applicant's name; and
 (ii) a statement whether leave was granted;
 (r) for any proceedings that, during the year,