Document ID: chunk:federal_register_of_legislation:C2024C00492:section:6:p108
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 6 (pt 108/175)
Character Range: 445247–448016

requirement that the financial report is to consist of the financial statements, financial notes and declarations specified in:
 (i) the regulations; or
 (ii) the accounting standards as in force from time to time (with the modifications (if any) specified in the regulations);
 (b) a requirement that the financial report deal with the financial affairs of another corporation or entity or a consolidated entity of which the corporation is a member;
 (c) a requirement that the financial report give a true and fair view of:
 (i) the financial position and performance of the corporation; and
 (ii) the financial position and performance of any other corporation or entity whose financial affairs are required to be reported on in the financial report or a consolidated entity of which the corporation is a member.
This subsection does not limit subsection (1).

333‑15  Other requirements in relation to report

Manner of preparing report
 (1) The regulations may require a section 333‑5 report to be prepared in the manner required by the regulations.

Manner of preparing financial report
 (2) If a section 333‑5 report is a financial report, regulations made for the purposes of subsection (1) of this section may do one or more of the following:
 (a) require that the financial report, or a part of it, be audited;
 (b) require that the auditor be:
 (i) an individual auditor who has particular qualifications or experience; or
 (ii) an audit firm that has a member or members who have particular qualifications or experience; or
 (iii) an authorised audit company;
 (c) require that a person may only participate in the conduct of the audit in a particular capacity if the person has the qualifications or experience specified in the regulations;
 (d) require that the audit of the financial report, or a part of it, be conducted in accordance with the auditing standards;
 (e) require that the financial report, or a part of it, must be prepared in compliance with the accounting standards;
 (f) require that the corporation's directors make a declaration of the kind specified in the regulations in respect of the financial report;
 (g) require that a declaration by the directors in relation to the financial report must only be made after each person who performs a particular function in relation to the corporation has given the directors a declaration of a kind specified in the regulations in respect of the financial report;
 (h) require that specified officers of the corporation sign the financial report.
This subsection does not limit subsection (1).
Note: Paragraph (a)—Division 339 deals with the audit of a financial report.

Giving report to members
 (3) If a section 333‑5 report is not a financial report or a directors' report for a financial