Corporations Amendment (Corporate Reporting Reform) Act 2010 (66 of 2010)

Schedule 1   Amendments relating to the Corporations Act 2001

Part 1   Main amendments

Corporations Act 2001

31   Subsection 303(2)

Repeal the subsection, substitute:

Financial statements

(2) The financial statements for the half-year are:

(a) unless paragraph (b) applies - the financial statements in relation to the disclosing entity required by the accounting standards; or

(b) if the accounting standards require the disclosing entity to prepare financial statements in relation to a consolidated entity - the financial statements in relation to the consolidated entity required by the accounting standards.