Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p17
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 41983–44852

not so drawn up—stating the auditor's reasons for that opinion; and

SCHEDULE 1—continued

    (d) if the auditor is of the opinion that the accounts are not drawn up in accordance with a particular applicable accounting standard—giving particulars of the quantified financial effect on the accounts of failing to draw them up in accordance with that accounting standard.

  "(2) If the accounting period is a half-year, the report may instead:

    (a) state whether, as a result of a review of the accounts, any matter has come to the auditor's attention that causes the auditor to believe that they are not drawn up as mentioned in subsection (1); and

    (b) if a matter or matters have so come to the auditor's attention that cause the auditor so to believe—include a description of the matter or matters and a statement of the auditor's reasons for that belief.

"(3) The trustee must cause the auditor's report to be attached to, or endorsed on, the accounts.

Trustee's report for accounting period

  "323J. The trustee must prepare, or cause to be prepared, a report:

    (a) containing a review of the operations of the undertaking during the accounting period and of the results of those operations; and

    (b) giving particulars of any significant change in the state of affairs of the undertaking that occurred during the accounting period.

Lodging accounts etc.

  "323K.(1) The manager must lodge a copy of each of the following:

  (a) the accounts that sections 323C and 323D require;

  (b) the auditor's report on those accounts given under section 323H;

  (c) the report that section 323J requires.

"(2) If the accounting period is a financial year, the manager must lodge the copies together with the return that section 1071 requires in relation to that financial year.

"(3) Otherwise, the manager must lodge the copies before the deadline after the accounting period.

Regulations may make additional provision

  "323L.(1) The regulations may make provision, in relation to:

  (a) prescribed interests that are ED securities; or

     (b) without limiting paragraph (a), accounting periods of undertakings to which prescribed interests relate;

for matters of a kind dealt with in any of the provisions of section 287, Divisions 2 to 8 (inclusive) of this Part and Part 3.7.

SCHEDULE 1—continued

"(2) The regulations may also make provision for lodging, or for sending to the holders of prescribed interests, documents prepared under regulations in force for the purposes of subsection (1).".

73. Subsection 331A(1):

  Omit "to the company's members".

74. Paragraph 331A(1)(a):

  Omit the paragraph, substitute:

  "(a) the company's financial statements for an accounting period; and".

75. After subsection 331A(1):

  Insert:

"(1A) If the accounting period is a financial year, the report is to be a report to the company's