Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 2 - ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATIONS  

PART 2-4 - REGISTRATION OF AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION AS A SMALL, MEDIUM OR LARGE CORPORATION  

Division 37 - Registration of an Aboriginal and Torres Strait Islander corporation as a small, medium or large corporation  

SECTION 37-25   ACCOUNTING STANDARDS  
In consolidating under section 37-10 :

(a)    the consolidated gross operating income; and

(b)    the value of consolidated gross assets; apply the accounting standards in force at the relevant time (even if the standards do not otherwise apply to the financial year of some or all of the bodies concerned).