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
17 Subsection 295(2)
Repeal the subsection, substitute:
Financial statements
(2) The financial statements for the year are:
(a) unless paragraph (b) applies - the financial statements in relation to the company, registered scheme or disclosing entity required by the accounting standards; or
(b) if the accounting standards require the company, registered scheme or 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.
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