Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.8.14

Contents of annual profit and loss statement and balance sheet and applicable accounting procedures

                   For paragraph 989C(a) of the Act, a true and fair profit and loss statement and balance sheet in respect of a financial year must contain a declaration by the financial services licensee that:

                     (a)  the profit and loss statement and balance sheet give a true and fair view of the matters stated in it; and

                     (b)  if the licensee is required to lodge an auditor's report under subparagraph 989B(3)(b)(ii) or paragraph 989B(3)(c) of the Act--the auditor's report lodged with the profit and loss statement and balance sheet is a true copy of the report on the profit and loss statement and balance sheet of the financial services licensee; and

                     (c)  if the licensee is required to lodge a compliance certificate under paragraph 989B(3)(a) or subparagraph 989B(3)(b)(i) of the Act--the information in the compliance certificate lodged with the profit and loss statement and balance sheet is complete and accurate.



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