Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.14 - TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (CORPORATE REPORTING REFORM) ACT 2010  

SECTION 1510B   APPLICATION OF PART 1 OF SCHEDULE 1 TO THE AMENDING ACT  

1510B(1)   [ Financial reporting obligations for financial years ending on or after 30 June 2010]  

The amendments made by items 1 to 4, items 11 to 16, items 18 to 23, items 29 and 30, items 32 to 42, items 45 to 47 and items 49 to 51 of Schedule 1 to the amending Act apply in relation to a company, registered scheme or disclosing entity for financial years of the company, registered scheme or disclosing entity ending on or after 30 June 2010.

1510B(1A)   [ Companies limited by guarantee not to pay dividends]  

The amendment made by item 6 of Schedule 1 to the amending Act applies in relation to a company limited by guarantee incorporated on or after the commencement of that item.

1510B(2)   [ Circumstances in which a dividend may be paid]  

The amendments made by items 7 and 48 of Schedule 1 to the amending Act apply in relation to dividends declared on or after the commencement of those items.

1510B(3)   [ Reductions because of lost capital]  

The amendments made by items 8, 9 and 10 of Schedule 1 to the amending Act apply in relation to cancellations of paid-up share capital that occur on or after the commencement of those items.

1510B(4)   [ Continuation of accounting standards (financial statements for year)]  

Despite the amendment made by item 17 of Schedule 1 to the amending Act, accounting standards made for the purposes of subsection 295(2) of this Act that were in force immediately before the commencement of that item continue in force, after that commencement, as if they were made for the purposes of subsection 295(2) of this Act as amended by that item.

1510B(5)   [ Financial statements for financial years ending on or after 30 June 2010]  

The amendment made by item 17 of Schedule 1 to the amending Act applies to a report of a company, registered scheme or disclosing entity for financial years of the company, registered scheme or disclosing entity ending on or after 30 June 2010.

1510B(6)   [ Directors ' report for financial years ending on or after 30 June 2011]  

The amendments made by items 24 to 28 of Schedule 1 to the amending Act apply in relation to a company, registered scheme or disclosing entity for financial years of the company, registered scheme or disclosing entity ending on or after 30 June 2011.

1510B(7)   [ Continuation of accounting standards (financial statements for half-year)]  

Despite the amendment made by item 31 of Schedule 1 to the amending Act, accounting standards made for the purposes of subsection 303(2) of this Act that were in force immediately before the commencement of that item continue in force, after that commencement, as if they were made for the purposes of subsection 303(2) of this Act as amended by that item.

1510B(8)   [ Financial statements for half-years ending on or after 30 June 2010]  

The amendment made by item 31 of Schedule 1 to the amending Act applies to a report of a disclosing entity for half-years of the disclosing entity ending on or after 30 June 2010.

1510B(9)   [ Subsequent financial years of less than 12 months]  

The amendments made by items 43 and 44 of Schedule 1 to the amending Act apply where the previous financial year of the company, registered scheme or disclosing entity ends on or after 30 June 2010.