Document ID: chunk:federal_register_of_legislation:F2021C00954:body:0:p5
Version: federal_register_of_legislation:F2021C00954
Segment Type: other
Provision Reference: 
Character Range: 11117–13825

principal (see paragraphs B58–B72 of AASB 10).
(d) it does not have significant influence even though it holds 20 per cent or more of the voting rights of another entity.
(e) it has significant influence even though it holds less than 20 per cent of the voting rights of another entity.

Investment entity status
9A When a parent determines that it is an investment entity in accordance with paragraph 27 of AASB 10, the investment entity shall disclose information about significant judgements and assumptions it has made in determining that it is an investment entity. If the investment entity does not have one or more of the typical characteristics of an investment entity (see paragraph 28 of AASB 10), it shall disclose its reasons for concluding that it is nevertheless an investment entity.
9B When an entity becomes, or ceases to be, an investment entity, it shall disclose the change of investment entity status and the reasons for the change. In addition, an entity that becomes an investment entity shall disclose the effect of the change of status on the financial statements for the period presented, including:
(a) the total fair value, as of the date of change of status, of the subsidiaries that cease to be consolidated;
(b) the total gain or loss, if any, calculated in accordance with paragraph B101 of AASB 10; and
(c) the line item(s) in profit or loss in which the gain or loss is recognised (if not presented separately).

Interests in subsidiaries
10 An entity shall disclose information that enables users of its consolidated financial statements
(a) to understand:
(i) the composition of the group; and
(ii) the interest that non-controlling interests have in the group's activities and cash flows (paragraph 12); and
(b) to evaluate:
(i) the nature and extent of significant restrictions on its ability to access or use assets, and settle liabilities, of the group (paragraph 13);
(ii) the nature of, and changes in, the risks associated with its interests in consolidated structured entities (paragraphs 14–17);
(iii) the consequences of changes in its ownership interest in a subsidiary that do not result in a loss of control (paragraph 18); and
(iv) the consequences of losing control of a subsidiary during the reporting period (paragraph 19).
11 When the financial statements of a subsidiary used in the preparation of consolidated financial statements are as of a date or for a period that is different from that of the consolidated financial statements (see paragraphs B92 and B93 of AASB 10), an entity shall disclose:
(a) the date of the end of the reporting period of the financial statements of that subsidiary; and
(b) the reason for using a different date or period.