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 299A is modified by the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.
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.
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