"Corporations Act 2001 s 318 debenture holder additional reporting"
Corporations Act 2001 (Cth) s 318 requires additional reporting by debenture issuers, including reports to trustees and free copies to debenture holders.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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Answer
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Verified against the current Federal Register text of the Corporations Act 2001 (Cth). Section 318 requires a company or disclosing entity that was a borrower in relation to debentures at the end of a financial year to give annual financial, sustainability if required, directors, and auditor reports to the trustee for debenture holders by the s 315 deadline. A debenture holder may request the last reports provided to members under s 314 or the full reports for the last financial year, and the company or entity must provide copies as soon as practicable and free of charge. A disclosing entity borrower at the end of a half-year must give the half-year financial report, directors report, and auditor report to the trustee within 75 days after the half-year end. Offences based on those obligations are strict liability.
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