Companies Act 2014
F514 [ Obligation to prepare a consolidated payment report
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. ]
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.