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Companies Act 1993

Accounting records and financial reporting - Financial reporting - Shareholders may request copy of financial statements prepared for tax purposes

207F: Shareholders may request copy of financial statements prepared for tax purposes

You could also call this:

“Shareholders can ask for and receive tax-related financial statements”

You have the right to ask for a copy of the company’s financial statements if they were made for tax reasons. This applies when the company doesn’t prepare financial statements under the Companies Act or the Financial Markets Conduct Act, but does prepare them for tax purposes.

If you’re a shareholder, you can ask the company in writing for a copy of these financial statements. This includes statements for the company itself or for the company’s group.

When you ask for these statements, the company must give them to you for free within 10 working days. They also need to give you a copy of the auditor’s report on those statements, if there is one.

Remember, this only applies to financial statements prepared for tax purposes, not to regular company financial statements.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6041577.

Topics:
Business > Industry rules
Business > Fair trading
Money and consumer rights > Taxes
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Part 11 Accounting records and financial reporting
Financial reporting: Shareholders may request copy of financial statements prepared for tax purposes

207FShareholders may request copy of financial statements prepared for tax purposes

  1. This section applies if—

  2. neither financial statements in relation to a company nor group financial statements in relation to a company's group are prepared under this Act or Part 7 of the Financial Markets Conduct Act 2013; but
    1. financial statements in relation to the company, or group financial statements in relation to its group, are prepared under, or for the purposes of, any of the Inland Revenue Acts (as defined in section 3(1) of the Tax Administration Act 1994).

      1. A shareholder of the company may at any time make a written request to the company for a copy of the financial statements or group financial statements (or both) referred to in subsection (1)(b).

      2. The company must, within 10 working days of receiving a request under subsection (2), provide, free of charge, a copy of the financial statements or group financial statements (or both) to the shareholder together with a copy of the auditor's report on those statements (if any).

      Notes
      • Section 207F: inserted, on , by section 30 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).