Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

PART 2M.3 - FINANCIAL REPORTING

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

CCH Note: Division 2 is modified by the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.

SECTION 302

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

CCH Note: Section 302 is modified by the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251; and the ASIC Corporations (Financial Reporting by Stapled Entities) Instrument 2023/673.

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.

[ CCH Note: S 302 will be amended by No 69 of 2020, s 3, Sch 1[609] and [ 610], by substituting " the Registrar " for " ASIC " in para (c) and " the Registrar " for " ASIC " in note 2, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]

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