Document ID: chunk:federal_register_of_legislation:C2025C00185:section:307c:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 307C (pt 2/3)
Character Range: 1125981–1128776

liability.
Note: For strict liability see section 6.1 of the Criminal Code.
 (5) The declaration under subsection (1) or (3):
 (a) either:
 (i) must be given when the auditor's report is given to the directors of the company, registered scheme, registrable superannuation entity or disclosing entity; or
 (ii) must satisfy the conditions in subsection (5A); and
 (b) must be signed by the person making the declaration.
 (5A) A declaration under subsection (1) or (3) in relation to a financial report for a financial year or half‑year, or in relation to a sustainability report for a financial year, satisfies the conditions in this subsection if:
 (a) the declaration is given to the directors of the company, registered scheme, registrable superannuation entity or disclosing entity before the directors pass a resolution under subsection 298(2) or 306(3) (as the case requires) in relation to the directors' report for the financial year or half‑year; and
 (b) a director signs the directors' report within 7 days after the declaration is given to the directors; and
 (c) the auditor's report on the financial report or sustainability report is made within 7 days after the directors' report is signed; and
 (d) the auditor's report includes either of the following statements:
 (i) a statement to the effect that the declaration would be in the same terms if it had been given to the directors at the time the auditor's report was made;
 (ii) a statement to the effect that circumstances have changed since the declaration was given to the directors, and setting out how the declaration would differ if it had been given to the directors at the time the auditor's report was made.
 (5B) An individual auditor or a lead auditor is not required to give a declaration under subsection (1) or (3) in respect of a contravention if:
 (a) the contravention was a contravention by a person of subsection 324CE(2), 324CF(2) or 324CG(2); and
 (b) the person does not commit an offence because of subsection 324CE(4), 324CF(4) or 324CG(4).

Self‑incrimination
 (6) An individual is not excused from giving a declaration under subsection (1) or (3) on the ground that giving the declaration might tend to incriminate the individual or expose the individual to a penalty.

Use/derivative use indemnity
 (7) However, neither:
 (a) the information included in the declaration; nor
 (b) any information, document or thing obtained as a direct or indirect consequence of including the information in the declaration;
is admissible in evidence against the individual in any criminal proceedings, or in any proceedings that would expose the person to a penalty, other than:
 (c) proceedings for an offence against section 1308 or 1309 in relation to the declaration; or
 (d) proceedings for an offence against