Document ID: chunk:federal_register_of_legislation:C2010A00066:clause:1_44
Version: federal_register_of_legislation:C2010A00066
Segment Type: clause
Provision Reference: sch 1 cl 44
Character Range: 29837–30390

44  After subsection 323D(2)
Insert:
 (2A) A subsequent financial year may last for a period of less than 12 months determined by the directors if:
 (a) the subsequent financial year starts at the end of the previous financial year; and
 (b) there has not been a period during the previous 5 financial years in which there was a financial year of less than 12 months in reliance on this subsection; and
 (c) the change to the subsequent financial year is made in good faith in the best interests of the company, registered scheme or disclosing entity.