Document ID: chunk:federal_register_of_legislation:F2025C00176:clause:1_25
Version: federal_register_of_legislation:F2025C00176
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 101860–102679

25  Financial details
 25.1 A statement as at the end of the last financial year, signed by at least one director of the supplier, of whether, in its directors' opinion, there are reasonable grounds to believe that the supplier will be able to pay its debts as and when they fall due.
 25.2 Financial reports for each of the last 2 completed financial years that have been prepared by the supplier in accordance with sections 295 to 297 of the Corporations Act 2001.
 25.3 Subitem 25.2 does not apply if:
 (a) the statement under subitem 25.1 is supported by an independent audit provided by a registered company auditor within 12 months after the end of the financial year to which the statement relates; and
 (b) a copy of the independent audit report or statement is provided with the statement under subitem 25.1.