Document ID: chunk:federal_register_of_legislation:F2023C01018:reg:6:p15
Version: federal_register_of_legislation:F2023C01018
Segment Type: reg
Provision Reference: reg 6 (pt 15/15)
Character Range: 68102–68909

with.
Note 2: A registered entity would not breach a requirement in the accounting standards to prepare a general purpose financial statement if this Subdivision does not require the entity to comply with the requirement.

60.30  Special purpose financial statements
 (1) This section applies if a registered entity:
 (a) is not required to prepare a general purpose financial statement; and
 (b) does not propose to prepare a general purpose financial statement.
 (2) Each accounting standard mentioned in the following table is taken to apply in relation to the registered entity and the preparation of a special purpose financial statement unless the Commissioner allows the registered entity not to comply with part or all of the accounting standard.

Accounting standards
Item                  Standard