Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor 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.