An annual report is a document prepared each year by the directors of a Commonwealth company. The primary purpose of annual reports of companies is accountability.
Annual report principles
Annual reports for a company should:
Be written in plain English and provide sufficient information and analysis for the Parliament to make a fully informed judgment on company performance. |
Align with the overall Commonwealth resource management framework, Public Governance, Performance and Accountability Act 2013 (PGPA Act), Public Governance, Performance and Accountability Rule 2014 (PGPA Rule) and the Commonwealth performance framework. |
Be developed by taking into account merit reporting - the relative benefits and costs of reporting. |