Document ID: chunk:federal_register_of_legislation:C2004C01296:clause:1_45
Version: federal_register_of_legislation:C2004C01296
Segment Type: clause
Provision Reference: sch 1 cl 45
Character Range: 38719–39571

45  Accounting records

(1) If an organisation, or a branch of an organisation, corresponds to a reporting unit, the accounting records of the organisation or branch are taken to be the financial records of the reporting unit.

(2) If an organisation, or a branch of an organisation, corresponds to 2 or more reporting units, the accounting records of the organisation or branch are taken to be the financial records of each of the reporting units.

(3) If 2 or more organisations, or branches of an organisation, correspond to one reporting unit, the accounting records of each organisation or branch are taken to be the financial records of the reporting unit.

(4) In this item:
organisation means an organisation registered under the WR Act immediately before commencement.
reporting unit has the meaning given by section 242 of the RAO Schedule.