Document ID: chunk:federal_register_of_legislation:C2025C00185:section:295:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 295 (pt 1/2)
Character Range: 1053333–1056226

295  Contents of annual financial report

Basic contents
 (1) The financial report for a financial year consists of:
 (a) the financial statements for the year; and
 (b) the notes to the financial statements; and
 (ba) for a public company—the consolidated entity disclosure statement required by subsection (3A); and
 (c) the directors' declaration about the statements and notes.

Financial statements
 (2) The financial statements for the year are:
 (a) unless paragraph (b) applies—the financial statements in relation to the company, registered scheme, registrable superannuation entity or disclosing entity required by the accounting standards; or
 (b) if the accounting standards require the company, registered scheme, registrable superannuation entity or disclosing entity to prepare financial statements in relation to a consolidated entity—the financial statements in relation to the consolidated entity required by the accounting standards.

Notes to financial statements
 (3) The notes to the financial statements are:
 (a) disclosures required by the regulations; and
 (b) notes required by the accounting standards; and
 (c) any other information necessary to give a true and fair view (see section 297).

Consolidated entity disclosure statement
 (3A) The consolidated entity disclosure statement for a public company's financial report for a financial year is:
 (a) if the accounting standards require the public company to prepare financial statements in relation to a consolidated entity—a statement that includes the following information for each entity that was, at the end of the financial year, part of the consolidated entity:
 (i) the entity's name (if any) at that time;
 (ii) whether, at that time, the entity was a body corporate, partnership, or trust;
 (iii) whether, at that time, the entity was a trustee of a trust within the consolidated entity, a partner in a partnership within the consolidated entity, or a participant in a joint venture within the consolidated entity;
 (iv) if the entity is a body corporate—the place at which the entity was incorporated or formed;
 (v) if the entity is a body corporate with a share capital—the percentage of the entity's issued share capital (excluding any part that carries no right to participate beyond a specified amount in a distribution of either profits or capital) that was held, directly or indirectly, by the public company at that time;
 (vi) whether the entity was an Australian resident at that time;
 (vii) a list of each foreign jurisdiction (if any) in which the entity was, at that time, a resident for the purposes of the law of the foreign jurisdiction relating to foreign income tax (within the meaning of the Income Tax Assessment Act 1997); or
 (b) if paragraph (a) does not apply—a statement to that effect.
 (3B) For the purposes of this section, an entity is an Australian resident at the end