Document ID: chunk:federal_register_of_legislation:F2023C00190:reg:1
Version: federal_register_of_legislation:F2023C00190
Segment Type: reg
Provision Reference: reg 1
Character Range: 88487–91397

1  Compliance with all recognition and measurement requirements in Australian Accounting Standards, including AASB 10 and AASB 128                                                                                                                                                                                                                                                                                                                                                                                                                                                       CMA Pty Ltd is a small for-profit entity that prepares special purpose financial statements under its raw material supply agreement with Company X.  These special purpose financial statements have therefore been prepared in accordance with the reporting framework agreed with Company X, which specifies limited note disclosures to accompany the financial statements.  The Directors note that Company X may obtain further financial information upon request.
   CMA Pty Ltd, a small for-profit parent company, has prepared special purpose financial statements to satisfy requirements of the major supplier of its raw materials.  The special purpose financial statements:                                                                                                                                                                                                                                                                                                                                                                      CMA Pty Ltd has consolidated all its subsidiaries consistent with the requirements set out in AASB 10 Consolidated Financial Statements and equity accounted for its investments in associates and joint ventures consistent with the requirements set out in AASB 128 Investments in Associates and Joint Ventures.
       * consolidate all its subsidiaries in a manner consistent with the requirements set out in AASB 10;                                                                                                                                                                                                                                                                                                                                                                                                                                                                               These consolidated special purpose financial statements comply with all the recognition and measurement requirements in Australian Accounting Standards.
       * equity account all its investments in associates and joint ventures in a manner consistent with the requirements set out in AASB 128; and
       * apply accounting policies that comply with all the recognition and measurement requirements in Australian Accounting Standards.