Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL AND SUSTAINABILITY REPORTING  

Division 1 - Annual financial reports, sustainability reports and directors ' reports  

Note: This Division applies to retail CCIVs with modifications: see Subdivision C of Division 4 of Part 8B.4 .

SECTION 299A   ANNUAL DIRECTORS ' REPORT - ADDITIONAL GENERAL REQUIREMENTS FOR LISTED ENTITIES  

299A(1)    

The directors ' report for a financial year for a company, registered scheme or disclosing entity that is listed must also contain information that members of the listed entity would reasonably require to make an informed assessment of:

(a) the operations of the entity reported on; and

(b) the financial position of the entity reported on; and

(c) the business strategies, and prospects for future financial years, of the entity reported on.

299A(2)    
The entity reported on is:

(a) the company, registered scheme or disclosing entity that is listed (if consolidated financial statements are not required); or

(b) the consolidated entity (if consolidated financial statements are required).

299A(3)    

The report may omit material that would otherwise be included under paragraph (1)(c) if it is likely to result in unreasonable prejudice to:

(a) the company, registered scheme or disclosing entity; or

(b) if consolidated financial statements are required - the consolidated entity or any entity (including the company, registered scheme or disclosing entity) that is part of the consolidated entity.

If material is omitted, the report must say so.