Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation deals with how the provisions (the reporting provisions ) of Part 2M.3 of the Act (as modified by Chapter 8B of the Act) apply to a retail CCIV.
(2) For the purposes of section 343 and subsection 1243A(1) of the Act, this regulation modifies the operation of the reporting provisions to the extent that, apart from those modifications, the reporting provisions could not alternatively apply to:
(a) a single financial report for a financial year covering one or more sub - funds of the CCIV; or
(b) a single directors' report for a financial year covering one or more sub - funds of the CCIV; or
(c) a single financial report for a half - year covering one or more sub - funds of the CCIV; or
(d) a single auditor's report on the financial report referred to in paragraph (a) of this subregulation; or
(e) a single concise report (see paragraph 1232H(1)(b) of the Act) for a financial year covering one or more sub - funds of the CCIV.
Note 1: Not all of the sub - funds of the CCIV need to be covered by one of these single reports if the CCIV chooses. The reporting provisions will continue to apply, unmodified by this regulation, for any sub - funds not covered by the report.
Note 2: All of the sub - funds covered by one of these single reports must be sub - funds of the same CCIV. The report cannot cover sub - funds of different CCIVs, even if the CCIVs share the same corporate director.
(3) The report referred to in paragraph (2)(d) must be prepared by a single auditor, audit firm or audit company.
(4) Each single report referred to in subregulation (2) must be prepared so that each of the matters covered by the report is shown so that the matter is clearly identifiable for each of the sub - funds covered by the report.