RegAlertGuidance · ASIC · 29 Mar 2023 · RG-022
RG 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.
Issued 29 March 2023
This guide is for directors and auditors, and their advisers. The objectives of this guide are to:
explain the requirements for the directors’ solvency declaration under s295(4)(c) and s303(4)(c) of the Corporations Act;
outline the obligations of directors when making the declaration on the solvency of an entity; and
outline the obligations of the auditor in relation to the directors’ solvency declaration.
Download RG 22 (PDF 336 KB)
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