# Financial Year

> a financial year as determined in accordance with section 390 of the Act;

**Term:** Financial Year  
**Last updated:** 2026-07-29

## Definition

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## Context

### Relevant circumstances

- When obligations are measured against a company's statutory financial year
- If section 390 of the Companies Act determines the period
- Where reporting, audit or distribution timing tracks the financial year

### Relevant sectors

- Legal Services
- Business Services
- Commercial Contracts

## Relevant contract types

- [Financial Agreement](https://www.genieai.co/en-us/template-type/financial-agreement)
- [Service Agreement](https://www.genieai.co/en-us/template-type/service-agreement)
- [Sale Agreement](https://www.genieai.co/en-us/template-type/sale-agreement)

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