28E Contents of annual report

The annual report for a Commonwealth company must comply with the guidelines for presenting documents to the Parliament.

The annual report for a Commonwealth company for a reporting period must include the following:

  1. the purposes of the company as included in the company’s corporate plan for the period;
  2. the names of the persons holding the position of responsible Minister or responsible Ministers during the period, and the titles of those responsible Ministers;
  3. any directions given to the entity by a Minister under the company’s constitution, an Act or an instrument during the period;
  4. any government policy orders that applied in relation to the company during the period under section 93 of the Act;
  5. if, during the period, the company has not complied with a direction or order referred to in paragraph (c) or (d)—particulars of the non-compliance;
  6. information on each director of the company during the period, including:
    1. the name of the director; and
    2. the qualifications of the director; and
    3. the experience of the director; and
    4. the number of meetings of the board of the company attended by the director during the period; and
    5. whether the director is an executive director or non-executive director;
  7. an outline of the organisational structure of the company (including any subsidiaries of the company);
    • (ga) statistics on the number of employees of the entity (including by reference to ongoing employees and non ongoing employees) at the end of that and the previous reporting period, in relation to each of the following:
    1. full time employees;
    2. part time employees;
    3. gender;
    4. location;
  8. an outline of the location (whether or not in Australia) of major activities or facilities of the company;
  9. information in relation to the main corporate governance practices used by the company during the period;
  10. the decision‑making process undertaken by the directors of the company for making a decision if:
    1. the decision is to approve the company paying for a good or service from a Commonwealth entity or a company, or providing a grant to a Commonwealth entity or a company; and
    2. the company, and the Commonwealth entity or the company, are related entities; and
    3. the value of the transaction, or if there is more than one transaction, the aggregate value of those transactions, is more than $10 000 (GST inclusive);
  11. if the annual report includes information under paragraph (j):
    1. if there is only one transaction—the value of the transaction; and
    2. if there is more than one transaction—the number of transactions and the aggregate of value of the transactions;
  12. any significant activities and changes that affected the operations or structure of the company during the period;
  13. particulars of judicial decisions or decisions of administrative tribunals made during the period that have had, or may have, a significant effect on the operations of the company;
  14. particulars of any report on the company given during the period by:
    1. the Auditor‑General; or
    2. a Committee of either House, or of both Houses, of the Parliament; or
    3. the Commonwealth Ombudsman; or
    4. the Office of the Australian Information Commissioner; or
    5. the Australian Securities and Investments Commission;
  15. if the directors have been unable to obtain information from a subsidiary of the company that is required to be included in the annual report—an explanation of the information that was not obtained and the effect of not having the information on the annual report;
    • (oa) information about executive remuneration in accordance with sections 28EA to 28EC;
  16. the list of requirements as set out in Schedule 2B that references where those requirements are to be found in the annual report.

Note: Other legislation may require Commonwealth companies to include additional matters in the annual report.

Related guidance: 

Last updated: 02 May 2019