Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:1_21:p3
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 1 cl 21 (pt 3/3)
Character Range: 34522–35101

standards that are made or adopted by the International Accounting Standards Board.
 (5) The Minister may, by legislative instrument, specify one or more jurisdictions for the purposes of paragraph (3)(f).

Worldwide parent entity
 (6) For the purposes of paragraph (2)(b), an entity in relation to which financial statements have been prepared is a worldwide parent entity if, for the purposes of the standards in accordance with which the statements were prepared, the entity is not controlled by another entity.

Part 7—Consequential amendments

Income Tax Assessment Act 1997