A disclosing entity must:
(a) prepare a financial report and directors' report for each half-year; and
(b) have the financial report audited or reviewed in accordance with Division 3 and obtain an auditor's report; and
(c) lodge the financial report, the directors' report and the auditor's report on the financial report with ASIC;
unless the entity is not a disclosing entity when lodgment is due.
Note 1: This Chapter only applies to disclosing entities incorporated or formed in Australia (see subsection 285(2)).
Note 2: See section 320 for the time for lodgment with ASIC.
Note 3: Subsection 318(4) requires disclosing entities that are borrowers in relation to debentures to also report to the trustee for debenture holders.
Note 4: Section 1232F extends this section to preparing half-year financial reports and directors' reports for sub-funds of retail CCIVs (if there are ED securities referable to the sub-fund), and applies this Division accordingly.