Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)

Schedule 2   Financial reporting

Part 4   Content of financial reports

Corporations Act 2001

18   Subsection 295(2)

Repeal the subsection, substitute:

(2) The financial statements for the year are:

(a) the financial statements in relation to the entity reported on that are required by the accounting standards; and

(b) if required by the accounting standards - the financial statements in relation to the consolidated entity that are required by the accounting standards.