Document ID: chunk:federal_register_of_legislation:F2024C00932:reg:23
Version: federal_register_of_legislation:F2024C00932
Segment Type: reg
Provision Reference: reg 23
Character Range: 24755–25426

23  Requirement for financial reports to be prepared in compliance with accounting standards
  For the purposes of subsection 333‑15(1) and paragraph 333‑15(2)(e) of the Act, a financial report of an Aboriginal and Torres Strait Islander corporation must be prepared in compliance with the accounting standards:
 (a) to the extent that the accounting standards are capable of applying to an Aboriginal and Torres Strait Islander corporation; and
 (b) whether or not the corporation is, or would be, regarded as a reporting entity within the meaning of that term in the accounting standards.
Note: For the definition of accounting standard, see section 700‑1 of the Act.