Document ID: chunk:federal_register_of_legislation:C2005C00443:clause:1_18
Version: federal_register_of_legislation:C2005C00443
Segment Type: clause
Provision Reference: sch 1 cl 18
Character Range: 38029–38644

18  Subsection 995‑1(1)
Insert:

recognised consolidated accounts, for a period, of 2 or more companies that are foreign residents means:
 (a) consolidated accounts that are prepared in relation to those companies for the period in accordance with standards covered by subsection 820‑960(1C) or (1D); or
 (b) if there are no such accounts for the period—consolidated accounts that:
 (i) are prepared in relation to those companies for the period in accordance with commercially accepted accounting principles; and
 (ii) give a true and fair view of the financial position of the companies on a consolidated basis.