Regulatory Alerts2023-03-29 | RG-022RG 22 Directors’ solvency declaration
The regulator issued this guide for directors, auditors, and their advisers to explain the requirements for the directors’ solvency declaration under sections 295(4)(c) and 303(4)(c) of the Corporations Act. It outlines the specific obligations directors must fulfill when declaring an entity's solvency. Additionally, the document details the corresponding obligations of the auditor in relation to the directors’ solvency declaration.
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