Treasury Laws Amendment (2022 Measures No. 4) Act 2023 (29 of 2023)

Schedule 6   Financial reporting and auditing requirements for superannuation entities

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

64   After section 314

Insert:

314AA Annual financial reporting by registrable superannuation entities to members

(1) A registrable superannuation entity must report to members for a financial year by providing all of the following reports:

(a) the financial report for the year;

(b) the directors' report for the year (see sections 298, 299 and 300C);

(c) the auditor's report on the financial report.

(2) A registrable superannuation entity must provide the reports for a financial year by making a copy of the reports publicly available on the entity's website on and after the day on which the reports are lodged with ASIC under section 319.

(3) An offence based on subsection (1) is an offence of strict liability.