Document ID: chunk:federal_register_of_legislation:C2025C00180:section:3ca:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: section
Provision Reference: s 3CA (pt 2/2)
Character Range: 42719–43379

For the purposes of this section, a general purpose financial statement in relation to an entity:
 (a) must be prepared in accordance with:
 (i) the accounting principles; or
 (ii) if accounting principles do not apply in relation to the entity—commercially accepted principles relating to accounting; and
 (b) if the entity is a member of a group of entities that are consolidated for accounting purposes as a single group—must relate to:
 (i) the entity; or
 (ii) the entity and some or all of the other members of the group.
 (6) An expression used in this section that is also used in the Income Tax Assessment Act 1997 has the same meaning as in that Act.