Solvency statement

If there is doubt over whether the company can pay its debts as and when they become due and payable, the directors should make a qualified or negative statement. The statement should clearly identify the item which is the subject of qualification and disclose monetary details where practicable. For example:

  • The company will not be able to pay its debts as and when they become due and payable
  • There is a material uncertainty as to the ability of the company to pay its debts as and when they become due and payable (for example, being dependent upon the ability to renegotiate loans due for repayment)

Declarations

Edit text blocks to be more specific than 'The directors have been given the declarations required by section 295A of the Corporations Act 2001', such as quoting the titles such as 'The directors have been given the declarations by the Chief Executive Officer and Chief Financial Officer, required by section 295A of the Corporations Act 2001'.

Sole officer

To reference a sole officer in the Directors' report (Director's report) and the Directors' declaration (Director's declaration):

  • Click Report options > Signatories
  • Set Sole officer to No, Yes - Male (His) , Yes - Female (Her) or Yes - Their (Their)

Signed

To set up signatories:

  • Click Report options > Signatories
  • Type signatory details within Signatories

This set up is replicated between the Directors' report and the Directors' declaration.

To change the spacing for signatures:

  • Click Report options > Signatories
  • Set Signing - Space for signature to 1 to 10 lines

To change the date format for signatures:

  • Click Report options > Signatories
  • Set Signing - Signing format to date, month or year (see below)

The date can be set-up as:

  • 'Date' ('day month year' for example '24 February 2024')
  • 'Month Year' ('month year' for example '_____ February 2024')
  • 'Year' ('year' for example '____________________ 2024')

Change orientation of declaration

To change the orientation of the declaration:

  • Click Orientation
  • Select Portrait or Landscape