Corporations Act 2001
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Hide history noteCCH note - modifying legislative instruments: The application of Division 3 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 legislative instruments or class orders before 1 January 2022 that affect the application of Division 3, 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 sub-funds of retail CCIVs in a modified form: see section 1232G .
CCH note: This provision is modified by legislative instruments. See the CCH note at the end of the provision for details.
An auditor who conducts an audit of the financial report for a financial year or half-year must form an opinion about: (a) whether the financial report is in accordance with this Act, including:
(i) section 296 or 304 (compliance with accounting standards); and
(aa) if the financial report includes additional information under paragraph 295(3)(c) or 303(3)(c) (information included to give true and fair view of financial position and performance) - whether the inclusion of that additional information was necessary to give the true and fair view required by section 297 or 305 ; and (b) whether the auditor has been given all information, explanation and assistance necessary for the conduct of the audit; and (c) whether the company, registered scheme, registrable superannuation entity or disclosing entity has kept financial records sufficient to enable a financial report to be prepared and audited; and (d) whether the company, registered scheme, registrable superannuation entity or disclosing entity has kept other records and registers as required by this Act.
(ii) section 297 or 305 (true and fair view); and
Note: This section applies to sub-funds of retail CCIVs in a modified form: see section 1232G .
CCH Note - modifying legislative instruments: Section 307 is modified 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 modifying legislative instruments or class orders before 1 January 2022, 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.
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