Under section 15 of the Commonwealth Authorities and Companies Act 1997, CASA must notify the Minister for Infrastructure and Transport of ‘significant events’ as defined in the Act.
A significant event is defined as any proposal to:
- form a company or participate in the formation of a company
- participate in a significant partnership, trust, unincorporated joint venture or similar arrangement
- acquire or dispose of a significant shareholding in a company
- acquire or dispose of a significant business
- commence or cease a significant business activity
- make a significant change in the nature or extent of an interest in a significant partnership, trust, unincorporated joint venture or similar arrangement.
There were no significant events within the meaning of section 15 during 2009-10.
Other major events
Under the Commonwealth Authorities and Companies Orders 2008, CASA must report on any significant changes in accordance with:
- subclause 10(1)(e)—significant changes in the authority’s state of affairs or principal activities that have occurred during the financial year
- subclause 10(1)(f)—developments since the end of the financial year, giving particulars of any matter or circumstance that has arisen and has significantly affected or may significantly affect:
- the results of those operations in future years or
- the authority’s state of affairs in future financial years.
There were no reportable major events during 2009-10.