Section 297 — Corporations Act 2001 (Cth)

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

(a) the financial position and performance of the company, registered scheme, registrable superannuation entity or disclosing entity; and

(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 296 for a financial report to comply with accounting standards.

Note: If the financial statements and notes 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 295(3)(c).

Related sections

• s 296C — Compliance with sustainability standards etc.
• s 296D — Climate statement disclosures
• s 296E — ASIC directions
• s 298 — Annual directors’ report
• s 299 — Annual directors’ report—general information
• s 299A — Annual directors’ report—additional general requirements for listed entities

Research how courts apply s 297

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