Companies Act 2014

F514 [ Obligation to prepare a consolidated payment report

1451

1451. (1) Subject to subsection (2) and sections 1454 , 1456 and 1457 , the directors of a holding company which is a large company or a relevant company shall

(a) if the holding company is obliged to prepare group financial statements in accordance with section 293 , and

(b) if the holding company or any of its subsidiary undertakings is

(i) a mining or quarrying undertaking, or

(ii) a logging undertaking,

prepare and make available to the public each year a consolidated report on payments made to governments for each financial year of the holding company (in this Part referred to as a consolidated payment report ).

(2) This section shall not apply to the directors of

(a) a holding company of a small group, except where any group undertaking is a relevant undertaking, or

(b) a holding company of a medium group, except where any group undertaking is a relevant undertaking. ]

Annotations

Amendments:

F514

Inserted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 87, S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.