s 244L
In forceCompliance with accounting standards and regulations
Part 10AFinancial reports and audit
Division 4Annual financial reports
244L Compliance with accounting standards and regulations
(1)
The financial report for a financial year must comply with the accounting standards.
(2)
However, a small co‑operative’s financial report does not have to comply with particular accounting standards if —
(a)
the report is prepared in response to a direction under section 244I or 244J; and
(b)
the direction specifies that the report does not have to comply with those accounting standards.
(3)
The financial report must comply with any further requirements in the regulations.
[Section 244L inserted: No. 7 of 2016 s. 85.]
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