Power to require disclosure of directors’ emoluments
164A.—(1)  If a company is served with a notice sent by or on behalf of —
(a)at least 10% of the total number of members of the company (excluding the company itself if it is registered as a member); or
(b)a member or members with at least 5% of the total number of issued shares of the company (excluding treasury shares),
requiring the emoluments and other benefits received by the directors of the company or of a subsidiary to be disclosed, the company shall —
(c)within 14 days or such longer period as the Registrar may allow, prepare or cause to be prepared and cause to be audited a statement showing the total amount of emoluments and other benefits paid to or received by each of the directors of the company and each director of a subsidiary; including any amount paid by way of salary, for the financial year immediately preceding the service of the notice;
(d)when the statement referred to in paragraph (c) has been audited, within 14 days send a copy of the statement to all persons entitled to receive notice of general meetings of the company; and
(e)lay the statement before the next general meeting of the company held after the statement is audited.
[13/87; 21/2005]
(2)  If default is made in complying with this section, the company and every director of the company shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
[Aust., 1961, s. 131]