Document ID: chunk:federal_register_of_legislation:C2025C00185:section:303
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 303
Character Range: 1111011–1112859

303  Contents of half‑year financial report

Basic contents
 (1) The financial report for a half‑year consists of:
 (a) the financial statements for the half‑year; and
 (b) the notes to the financial statements; and
 (c) the directors' declaration about the statements and notes.

Financial statements
 (2) The financial statements for the half‑year are:
 (a) unless paragraph (b) applies—the financial statements in relation to the disclosing entity required by the accounting standards; or
 (b) if the accounting standards require the 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 305).

Directors' declaration
 (4) The directors' declaration is a declaration by the directors:
 (c) whether, in the directors' opinion, there are reasonable grounds to believe that the disclosing entity will be able to pay its debts as and when they become due and payable; and
 (d) whether, in the directors' opinion, the financial statement and notes are in accordance with this Act, including:
 (i) section 304 (compliance with accounting standards); and
 (ii) section 305 (true and fair view).
Note: See paragraph 285(3)(c) for the reference to the debts of a disclosing entity that is a registered scheme.
 (5) The declaration must:
 (a) be made in accordance with a resolution of the directors; and
 (b) specify the day on which the declaration is made; and
 (c) be signed by a director.
Note: Section 1228 deals with directors' resolutions for CCIVs.