Corporate Law Economic Reform Program Act 1999 (156 of 1999)

Schedule 8   Further amendment of the Corporations Law

5   At the end of section 314

Add:

(3) If the accounting standards made for the purposes of paragraph (2)(a) require a discussion and analysis to be included in a concise financial report:

(a) the auditor must report on whether the discussion and analysis complies with the requirements that the accounting standards lay down for the discussion and analysis; and

(b) the auditor does not otherwise need to audit the statements made in the discussion and analysis.