Corporations Act 2001
The financial statements and notes for a half-year must give a true and fair view of:
(a) the financial position and performance of the disclosing entity; or
(b) if consolidated financial statements are required - the financial position and performance of the consolidated entity.
This section does not affect the obligation under section 304 for financial reports to comply with accounting standards.
Note: If the financial statements prepared in compliance with the accounting standards would not give a true and fair view, additional information must be included in the notes to the financial statements under paragraph 303(3)(c).