—(1) If a company is served with a notice sent by or on behalf of —
at least 10% of the total number of members of the company (excluding the company itself if it is registered as a member); or
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 —
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;
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
lay the statement before the next general meeting of the company held after the statement is audited.
(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]