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.
CASA experienced no significant events within the meaning of section 15 in 2010–11.
Under clause 10 of the Commonwealth Authorities and Companies (Report of Operations) Orders 2008, CASA’s annual report must include information on any:
- significant changes in the authority’s state of affairs or principal activities that have occurred during the financial year
- 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 authority’s operations in future financial years
- the results of those operations in future years, or
- the authority’s state of affairs in future financial years.
For 2010–11, CASA has no changes or developments to report against these requirements.