Corporations Act 2001

The directors of the disclosing entity must prepare a directors’ report for each half‑year that consists of:

a review of the entity’s operations during the half‑year and the results of those operations; and

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.

This subsection applies to sub‑funds of retail CCIVs in a modified form: see subsection 1232F(6).

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.

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:

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

specify where that information can be found in the financial report.

The report must:

be made in accordance with a resolution of the directors; and

specify the date on which the report is made; and

be signed by a director.

Section 1228 deals with directors’ resolutions for CCIVs.