Document ID: chunk:federal_register_of_legislation:C2006A00007:clause:2_23
Version: federal_register_of_legislation:C2006A00007
Segment Type: clause
Provision Reference: sch 2 cl 23
Character Range: 27818–29399

23  Final annual report for ASDA

ASADA must prepare final annual report for ASDA

(1) For the transitional reporting period (see whichever of subitems (4) and (5) applies), the ASADA must prepare the report referred to in section 9 of the Commonwealth Authorities and Companies Act 1997 for the ASDA.

(2) A report for the ASDA must include the matters described in section 63 of the ASDA Act as in force immediately before the transition time.

(3) The obligation under section 9 of the Commonwealth Authorities and Companies Act 1997 imposed on the final directors of the ASDA to prepare an annual report for the transitional reporting period is satisfied if the report is prepared by the ASADA.

Transitional reporting periods

(4) If the transition time is in the financial year that started on 1 July 2005, the period that:
 (a) started at the beginning of that financial year; and
 (b) ended immediately before the transition time;
is the transitional reporting period.

(5) If the transition time is on 1 July 2006, the financial year that started on 1 July 2005 is the transitional reporting period.

Miscellaneous

(6) For the purposes of this item, references to a financial year in:
 (a) section 63 of the ASDA Act; and
 (b) section 9 of the Commonwealth Authorities and Companies Act 1997;
are taken to be references to the transitional reporting period.

(7) In this item:
final director means a person who was a director (as defined in the Commonwealth Authorities and Companies Act 1997) of the ASDA immediately before the transition time.

Part 8—Miscellaneous