Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p4
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 8347–11000

an accounting period of a body or an undertaking to which prescribed interests relate, has the meaning given by section 58C;

'financial year' has the meaning given by section 70A;".

10. Section 9:

  Insert:

" 'accounting period' has the meaning given by subsections 50A(1), (2), (3) and (4);

'audited or reviewed in accordance with this Law', in relation to accounts or financial statements, has the meaning given by section 53AAA;

'disclosing entity' has the meaning given by section 111AC;

'ED securities' has the meaning given by section 111AD;

'half-year' has the meaning given by subsection 50A(5);

'listed disclosing entity' has the meaning given by subsection 111AL(1);

SCHEDULE 1—continued

'quoted ED securities' has the meaning given by section 111AM;

'undertaking' means:

    (a) when used in relation to a prescribed interest—the undertaking, scheme, enterprise, contract or arrangement to which the prescribed interest relates; and

    (b) when used in Division 1 of Part 3.6—an undertaking, scheme, enterprise, contract or arrangement to which prescribed interests relate;

'unlisted disclosing entity' has the meaning given by subsection 111AL(2);".

11. After section 50:

  Insert in Division 7 of Part 1.2:

Accounting periods and half-years

"50A.(1) A financial year of a company is an accounting period of the company.

"(2) The first 6 months of a financial year of a company is an accounting period of the company if the company is a disclosing entity at the end of those 6 months. However, if at the end of 75 days after those 6 months, the company is no longer a disclosing entity, those 6 months are taken not to be, and never to have been, an accounting period of the company.

"(3) A financial year of a body that is not a company, or of an undertaking to which prescribed interests relate, is an accounting period of the body or undertaking if the body or undertaking is a disclosing entity at the end of the financial year. However, if at the end of 90 days after the financial year, the body or undertaking is no longer a disclosing entity, the financial year is taken not to be, and never to have been, an accounting period of the body or undertaking.

"(4) The first 6 months of a financial year of a body that is not a company, or of an undertaking to which prescribed interests relate, is an accounting period of the body or undertaking if the body or undertaking is a disclosing entity at the end of those 6 months. However, if at the end of 75 days after those 6 months, the body or undertaking is no longer a disclosing entity, those 6 months are taken not to be, and never to have been, an accounting