Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL AND SUSTAINABILITY REPORTING  

Division 2 - Half-year financial report and directors ' report  

SECTION 306   HALF-YEAR DIRECTORS ' REPORT  

306(1)    
The directors of the disclosing entity must prepare a directors ' report for each half-year that consists of:

(a)    a review of the entity ' s operations during the half-year and the results of those operations; and

(b)    the name of each person who has been a director of the disclosing entity at any time during or since the end of the half-year and the period for which they were a director.

If consolidated financial statements are required, the review under paragraph (a) must cover the consolidated entity.

Note: This subsection applies to sub-funds of retail CCIVs in a modified form: see subsection 1232F(6) .

306(1A)    

The directors ' report must include a copy of the auditor ' s declaration under section 307C in relation to the audit or review for the half-year.

306(2)    

If the financial report for a half-year includes additional information under paragraph 303(3)(c) (information included to give true and fair view of financial position and performance), the directors ' report for the half-year must also:

(a)    set out the directors ' reasons for forming the opinion that the inclusion of that additional information was necessary to give the true and fair view required by section 305 ; and

(b)    specify where that information can be found in the financial report.

306(3)    

The report must:

(a)    be made in accordance with a resolution of the directors; and

(b)    specify the date on which the report is made; and

(c)    be signed by a director.

Note: Section 1228 deals with directors ' resolutions for CCIVs.