Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 298

             (1)  The company, registered scheme or disclosing entity must prepare a directors' report for each financial year. The report must include:

                     (a)  the general information required by sections 299 (all entities) and 299A (additional requirements for listed public companies); and

                     (b)  the specific information required by sections 300 and 300A; and

                     (c)  a copy of the auditor's declaration under section 307C in relation to the audit for the financial year.

          (1A)  If the financial report for a financial year includes additional information under paragraph 295(3)(c) (information included to give true and fair view of financial position and performance), the directors' report for the financial 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 297; and

                     (b)  specify where that additional information can be found in the financial report.

             (2)  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.

             (3)  A small proprietary company does not have to comply with subsection (1) for a financial year if:

                     (a)  it is preparing financial statements for that year in response to a shareholder direction under section 293; and

                     (b)  the direction specified that a directors' report need not be prepared.