Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015 (19 of 2015)
Schedule 1 Amendment of the Corporations Act 2001
7 After subsection 327A(1)
(1A) Subsection (1) does not apply in relation to a company if:
(a) the directors reasonably believe that subsection 301(3) will apply to the company's financial reports; or
(b) the company is a small company limited by guarantee.