• Specific Year
    Any

CORPORATIONS ACT 2001 - SECT 305 True and fair view

CORPORATIONS ACT 2001 - SECT 305

True and fair view

    The financial statements and notes for a half - year must give a true and fair view of:

  (a)   the financial position and performance of the disclosing entity; or

  (b)   if consolidated financial statements are required--the financial position and performance of the consolidated entity.

This section does not affect the obligation under section   304 for financial reports to comply with accounting standards.

Note:   If the financial statements prepared in compliance with the accounting standards would not give a true and fair view, additional information must be included in the notes to the financial statements under paragraph   303(3)(c).

Download

No downloadable files available