Document ID: chunk:federal_register_of_legislation:C2025C00185:section:314:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 314 (pt 1/2)
Character Range: 1146830–1149538

314  Annual financial and sustainability reporting by companies, registered schemes and disclosing entities to members
 (1) A company, registered scheme or disclosing entity must report to members for a financial year by providing either of the following in accordance with subsection (1AE) or (1AF):
 (a) all of the following reports (that are required to be prepared):
 (i) the financial report for the year;
 (ia) the sustainability report for the year;
 (ii) the directors' report for the year (see sections 298 to 300A);
 (iii) the auditor's report on the financial report;
 (iv) the auditor's report on the sustainability report for the year;
 (b) a concise report for the year that complies with subsection (2).
Note: This section applies to sub‑funds of retail CCIVs in a modified form: see section 1232H.
 (1AAA) This section does not apply to a company limited by guarantee.
Note: The requirement for annual financial reporting to members for those companies is in section 316A.
 (1AE) A company, registered scheme or disclosing entity may provide the reports, or the concise report, by sending them to each member.
 (1AF) If a company:
 (a) is a public company that is covered under section 738ZI at the end of the financial year mentioned in subsection (1); or
 (b) is a small proprietary company that has one or more CSF shareholders at any time during the financial year mentioned in subsection (1);
it may provide the reports, or the concise report, for that financial year by making a copy of the reports, or the concise report, readily accessible on a website.
 (1A) An offence based on subsection (1) is an offence of strict liability.

Concise report
 (2) A concise report for a financial year consists of:
 (a) a concise financial report for the year drawn up in accordance with accounting standards made for the purposes of this paragraph; and
 (aa) the sustainability report for the year; and
 (b) the directors' report for the year (see sections 298‑300A); and
 (c) a statement by the auditor:
 (i) that the financial report has been audited; and
 (ii) whether, in the auditor's opinion, the concise financial report complies with the accounting standards made for the purposes of paragraph (a); and
 (d) a copy of any qualification in, and of any statements included in the emphasis of matter section of, the auditor's report on the financial report; and
 (da) the auditor's report on the sustainability report for the year; and
 (e) a statement that the report is a concise report and that the full financial report and auditor's report will be sent to the member free of charge if the member asks for them.
 (2A) If paragraph (1AF)(a) or (b) applies to the company for the financial