Document ID: chunk:federal_register_of_legislation:C2025C00185:section:306
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 306
Character Range: 1113709–1115386

306  Half‑year directors' report
 (1) The directors of the disclosing entity must prepare a directors' report for each half‑year that consists of:
 (a) a review of the entity's operations during the half‑year and the results of those operations; and
 (b) the name of each person who has been a director of the disclosing entity at any time during or since the end of the half‑year and the period for which they were a director.
If consolidated financial statements are required, the review under paragraph (a) must cover the consolidated entity.
Note: This subsection applies to sub‑funds of retail CCIVs in a modified form: see subsection 1232F(6).
 (1A) The directors' report must include a copy of the auditor's declaration under section 307C in relation to the audit or review for the half‑year.
 (2) If the financial report for a half‑year includes additional information under paragraph 303(3)(c) (information included to give true and fair view of financial position and performance), the directors' report for the half‑year must also:
 (a) set out the directors' reasons for forming the opinion that the inclusion of that additional information was necessary to give the true and fair view required by section 305; and
 (b) specify where that information can be found in the financial report.
 (3) The report must:
 (a) be made in accordance with a resolution of the directors; and
 (b) specify the date on which the report is made; and
 (c) be signed by a director.
Note: Section 1228 deals with directors' resolutions for CCIVs.

Division 3—Audits and auditor's reports
Note: This Division applies to sub‑funds of retail CCIVs in a modified form: see section 1232G.