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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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