"Corporations Act 2001 s 305 disclosing entity interim accounts true fair position"
Corporations Act 2001 (Cth) s 305 requires the half-year financial statements and notes to give a true and fair view of financial position and performance.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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Answer
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Verified against the current Federal Register text of the Corporations Act 2001 (Cth). Section 305 requires the financial statements and notes for a half-year to give a true and fair view of the financial position and performance of the disclosing entity, or consolidated entity where consolidated statements are required. This true-and-fair duty does not affect the s 304 accounting-standards compliance obligation; if accounting standards alone are insufficient, additional information is included under s 303(3)(c).
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