Under the Corporations Act, a 'disclosing entity' must prepare a half-yearly financial report in addition to an annual report. Which of the following are 'disclosing entities'?
I. A borrowing corporation
II. A company listed on the securities exchange
III. A company raising funds through a prospectus
A) I, II and III
B) I and III only
C) II and III only
D) None

Question

Quizplus · Accepted Answer

A 'disclosing entity' under the Corporations Act includes companies listed on the securities exchange, companies raising funds through a prospectus, and borrowing corporations, as they are required to provide regular financial disclosures to their investors.

Under the Corporations Act, a 'Disclosing Entity' Must Prepare a Half-Yearly