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COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 !!!The following amendment (No. 125, 2006) has not been incorporated. - List of Sections

Section

Compilation Information

Reader's Guide

Long Title

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Part 1—Preliminary

1. Short title [ see Note 1]
2. Commencement [ see Note 1]
3. This Act binds the Crown
4. This Act extends to things outside Australia
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Part 2—General provisions about definitions, offences and civil
penalties

5. Definitions
6. Offences and civil penalties
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Part 3—Reporting and other obligations for Commonwealth authorities

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 1—Preliminary


7. Meaning of Commonwealth authority
8. Role of Auditor-General
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 2—Reporting obligations


COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision A—Annual report and related obligations


9. Directors must prepare annual report
10. Modified requirements for first year of existence
11. Contravention of annual report rules by directors
12. Audit of relevant subsidiary's financial statements
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision B—Other reporting obligations


13. Interim reports
14. Estimates
15. Responsible Minister to be notified of significant events
16. Keeping responsible Minister and Finance Minister informed
17. Corporate plan for GBE
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 3—Banking, investment etc.


18. Banking and investment (authorities other than GBEs and SMAs)
19. Banking and investment (GBEs and SMAs)
20. Accounting records
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 4—Conduct of officers


21. Background to duties of directors, other officers and employees
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision A—General duties


22. Care and diligence—civil obligation only
23. Good faith—civil obligations
24. Use of position—civil obligations
25. Use of information—civil obligations
26. Good faith, use of position and use of information—criminal offences
27A. Compliance with statutory duties
27B. Interaction of sections 22 to 26 with other laws etc.
27C. Disqualification order for contravention of civil penalty provision
27D. Reliance on information or advice provided by others
27E. Responsibility for actions of delegate
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision B—Disclosure of, and voting on matters involving,
material personal interests


27F. Material personal interest—director's duty to disclose
27G. Director may give other directors standing notice about an interest
27H. Interaction of sections 27F and 27G with other laws etc.
27J. Restrictions on voting
27K. Minister's power to make declarations and class orders
27L. Right of access to authority's books
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 4A—Restrictions on indemnities and insurance for officers


27M. Indemnification and exemption of officer
27N. Insurance for certain liabilities of officers
27P. Certain indemnities, exemptions, payments and agreements not authorised and certain documents void
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 5—Miscellaneous


28. Compliance with general policies of the Government
29. Activities of subsidiaries
30. Aligning accounting periods of subsidiaries
31. Exemption from requirement to align accounting periods of subsidiaries
32. Audit committee
33. Special rules for Commonwealth authorities established by regulations etc.
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Part 4—Reporting and other obligations for Commonwealth companies

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 1—Preliminary


34. Meaning of Commonwealth company and wholly-owned Commonwealth company
35. Role of Auditor-General
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Division 2—Reporting obligations


COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision A—Annual report and related obligations


36. Annual Report
37. Audit of relevant subsidiary's financial statements
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision B—Other reporting obligations


38. Interim reports
39. Estimates
40. Responsible Minister to be notified of significant events
41. Keeping responsible Minister and Finance Minister informed
42. Corporate plan for GBE
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Subdivision C—Miscellaneous


43. Compliance with general policies of the Government
44. Audit committee
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Part 5—Miscellaneous

45. Ministers must inform Parliament of share acquisitions etc.
46. Companies conducted for the purposes of intelligence or security agencies
47. Regulations may deal with how this Act applies if body stops being a Commonwealth authority
47A. Compliance with government procurement requirements
48. Finance Minister's Orders
49. Regulations
COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Schedule 1—Annual report for Commonwealth Authority

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Schedule 2—Civil consequences of contravening civil penalty provisions

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Schedule 3—Application, transitional and savings provisions

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997
Notes to the Commonwealth Authorities and Companies Act 1997

Table A

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