Commonwealth Consolidated Acts

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Disclosing entity must prepare half - year financial report and directors' report

    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.

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