Commonwealth Consolidated Acts Commonwealth Consolidated ActsAdditional reports or additional reporting requirement
(1) The Registrar may:
(a) make a determination in writing requiring a particular class of Aboriginal and Torres Strait Islander corporation to prepare a report in addition to any general report or section 333 - 5 report the corporations are required to prepare; or
(b) make a determination in writing requiring a particular class of Aboriginal and Torres Strait Islander corporation to:
(i) include particular additional information in a general report or section 333 - 5 report; or
(ii) meet particular additional requirements in relation to the manner in which a general report or section 333 - 5 report is prepared; or
(iii) provide a general report or section 333 - 5 report to their members (whether generally or on request); or
(iv) provide a general report or section 333 - 5 report to their members within the time, and in the manner, specified in the determination.
Note: See Part 7 - 5 for the criteria the Registrar must apply in deciding whether to make a determination under this subsection.
(2) A determination under subsection (1) is a legislative instrument.
Additional reports
(3) A determination under paragraph (1)(a) must specify:
(a) the information to be included in the report; and
(b) any other requirements to be met in relation to the manner in which the report is prepared.
(4) A determination under paragraph (1)(a) may require the report to be prepared:
(a) for a particular period or periods; or
(b) in relation to circumstances as they exist as at a particular date or dates.
This subsection does not limit subsection (3).
(5) The determination may require the report to be prepared for all periods of a particular kind that start or end on or after a date specified in the determination. This subsection does not limit subsection (4).
(6) A determination under paragraph (1)(a) may:
(a) specify that the report is to be provided to the corporations' members (whether generally or on request); and
(b) specify the time within which, and manner in which, the report is to be provided to the members.
Additional requirements for financial report
(7) If the section 333 - 5 report is a financial report, the Registrar may determine under paragraph (1)(b) that one or more of the following requirements are to be met in relation to the report:
(a) a requirement that the financial report, or a part of it, be audited;
(b) a requirement that the auditor be:
(i) an individual auditor who has particular qualifications or experience; or
(ii) an audit firm that has a member or members who have particular qualifications or experience; or
(iii) an authorised audit company;
(c) a requirement that a person may only participate in the conduct of the audit in a particular capacity if the person has the qualifications or experience specified in the regulations;
(d) a requirement that the audit of the report, or a part of it, be conducted in accordance with the auditing standards.
This subsection does not limit paragraph (1)(b).
Determinations
(8) A determination under subsection (1):
(a) may be expressed to be subject to conditions; and
(b) may be in respect of a past or future period but if it is in respect of a past period, the determination must be made no later than 6 years after the end of that period.
(9) The Registrar may, in writing, revoke, vary or suspend a determination under subsection (1).
Notice of determinations
(10) Notice of the making, revocation, variation or suspension of a determination under subsection (1) must be published in the Gazette .