Corporations Act 2001
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Hide history noteCCH Note: The application of Division 1 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Division 1, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
Note: This Division applies to retail CCIVs with modifications: see Subdivision C of Division 4 of Part 8B.4 .
CCH Note: Section 297 is modified by the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.
The financial statements and notes for a financial year must give a true and fair view of: (a) the financial position and performance of the company, registered scheme, registrable superannuation entity or disclosing entity; and (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 296 for a financial report to comply with accounting standards.
Note: If the financial statements and notes 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 295(3)(c) .
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