Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL REPORTING  

Division 2 - Half-year financial report and directors ' report  

SECTION 302  

302   DISCLOSING ENTITY MUST PREPARE HALF-YEAR FINANCIAL REPORT AND DIRECTORS ' REPORT  

A disclosing entity must:

(a)    prepare a financial report and directors ' report for each half-year; and

(b)    have the financial report audited or reviewed in accordance with Division 3 and obtain an auditor ' s report; and

(c)    lodge the financial report, the directors ' report and the auditor ' s report on the financial report with ASIC;

unless the entity is not a disclosing entity when lodgment is due.

Note 1: This Chapter only applies to disclosing entities incorporated or formed in Australia (see subsection 285(2) ).

Note 2: See section 320 for the time for lodgment with ASIC.

Note 3: Subsection 318(4) requires disclosing entities that are borrowers in relation to debentures to also report to the trustee for debenture holders.

Note 4: Section 1232F extends this section to preparing half-year financial reports and directors ' reports for sub-funds of retail CCIVs (if there are ED securities referable to the sub-fund), and applies this Division accordingly.