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registered scheme at that time.

Part 2—Order

5 Relief for the presentation of financial reports of stapled groups

Relief
(1) A relevant entity and its directors do not have to comply with Part 2M.3 of the Act in relation to a half-year (the relevant period) or a financial year (the relevant period) to the extent that that Part prevents:
(a) the inclusion in the financial report (the relevant entity report) or concise report (the relevant entity report) of the relevant entity of the single entity or consolidated financial statements, notes to those statements and directors' declaration of other entities (the other group members) that are stapled issuers in the same stapled group as the relevant entity; and
(b) the inclusion in the directors' report of the relevant entity of the directors' report of other group members.

Where relief applies
(2) The relief in subsection 5(1) is available where all of the following apply:
(a) all of the other group members:
(i) are required to prepare financial reports for the relevant period under Chapter 2M of the Act; and
(ii) rely on the relief in subsection (1);
(b) one of the following applies in relation to the financial statements for the relevant period:
(i) the financial statements of the relevant entity and all other group members (including any single entity financial statements presented where ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/195 is relied on) are presented in adjacent columns in the relevant entity report;
(ii) the financial statements are presented as follows in separate sections of the relevant entity report:
(A) in the first section—the consolidated financial statements or combined financial statements and, where ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/195 is relied on, the single entity financial statements of the relevant entity; and
(B) in the second section in adjacent columns—all other consolidated financial statements of the relevant entity and all other group members and any single entity financial statements (including those presented where ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/195 is relied on); or
(iii) in the case of a financial report for a half-year or a concise report—one of the sets of financial statements permitted under subparagraphs (i) or (ii) (excluding any single entity financial statement that is not required under the Act and the accounting standard applicable to the report) is presented in adjacent columns in the relevant entity report where, if the set includes consolidated or combined financial statements covering all of the entities in the stapled group, those financial statements are presented first.
(c) a directors' declaration covers more than one stapled issuer only where:
(i) each person who was a director of an issuer covered by the declaration at any time