13.07.2015 Views

DISCLOSURE DOCUMENT

DISCLOSURE DOCUMENT

DISCLOSURE DOCUMENT

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

20. FINANCIAL DETAILS20.1 A statement as at the end of the last financial year, signed by at least 1 director of the franchisor, whetherin its directors' opinion there are reasonable grounds to believe that the franchisor will be able to pay itsdebts as and when they fall due.20.2 Financial reports for each of the last 2 completed financial years in accordance with sections 295-297 ofthe Corporations Act 2001, or a foreign equivalent of that Act applicable to the franchisor, prepared by thefranchisor.20.2A If:Not applicable, see Item 20.3.(a) the franchisor is part of a consolidated entity that is required to provide audited financial reportsunder the Corporations Act 2001, or a foreign equivalent of that Act applicable to the consolidatedentity; and(b) a franchisee requests those financial reports; financial reports for each of the last 2 completedfinancial years, prepared by the consolidated entity:Not applicable, see Item 20.3.20.3 Item 20.2 and 20.2A do not apply if:(a) the statement under item 20.1 is supported by an independent audit provided by:(i) a registered company auditor; or(ii) if the franchisor is a foreign franchisor – a foreign equivalent for that franchisor;within 12 months after the end of the financial year to which the statement relates; andThe director‟s statement in Item 20.1 is supported by an independent audit (Independent Auditor‟s Report) ofthe financial report of Tatts Group, which comprises Tatts Group and the entities it controlled at the end offinancial year ended 30 June 2012 or from time to time during that financial year. For the full financial yearended 30 June 2012, Tatts Group controlled us. Tatts Group and the entities controlled by Tatts Group(including us) are parties to a deed of cross guarantee. By entering into the deed, the wholly owned entitieshave been relieved from certain requirements including preparing and lodging a financial report.(b) a copy of the independent audit is provided with the statement under item 20.1.21. UPDATESA copy of the Independent Auditor‟s Report referred to in Item 20.3(a) above is contained in Schedule G ofthis Disclosure Document.21.1 Any information given under clause 18 of the code that has changed between the date of the disclosuredocument and the date the disclosure document is given under the code.See Schedule H attached to this Disclosure Document.22. OTHER RELEVANT <strong>DISCLOSURE</strong> INFORMATION22.1 A copy of the franchise agreement, in the form in which it is to be executed, must be attached.See attached.22.2 Copy of the code must be attached.See Schedule “A” attached to this Disclosure Document.22.3 Any other information that:Disclosure Document GC - 26 Nov 2012 (25 July 2013 Update).docPage 26

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!