Document ID: chunk:federal_register_of_legislation:F2022L01041:reg:1
Version: federal_register_of_legislation:F2022L01041
Segment Type: reg
Provision Reference: reg 1
Character Range: 20983–22790

1  For-profit private sector entities preparing special purpose financial statements
   For-profit private sector entities that are required only by their constituting document or another document to prepare financial statements that comply with Australian Accounting Standards – provided that the relevant document was created before 1 July 2021 and not amended on or after that date  In scope
   For-profit private sector entities that are required only by their constituting document or another document to prepare financial statements that comply with Australian Accounting Standards – but the relevant document was created or amended on or after 1 July 2021                                  Not in scope – compliance with the Standards requires general purpose financial statements
   For-profit private sector entities that are required only by their constituting document or another document to prepare financial statements that comply with accounting standards or generally accepted accounting principles or practices                                                               Not in scope
   For-profit private sector entities that are required by legislation to prepare financial statements that comply with either Australian Accounting Standards or accounting standards                                                                                                                       Not in scope – compliance with the Standards requires general purpose financial statements
   For-profit private sector entities that are required by legislation to prepare financial statements, where there is no legislative reference requiring compliance with Australian Accounting Standards or accounting standards                                                                            Not in scope