ASIC Corporations (Amendment) Instrument 2022/519
I, Douglas Niven, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.
Douglas Niven
ASIC Corporations (Amendment) Instrument 2022/519
I, Douglas Niven, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.
Douglas Niven
Contents
1 Name of legislative instrument
ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191
1 Name of legislative instrument
This is the ASIC Corporations (Amendment) Instrument 2022/519.
This instrument commences on the day after it is registered on the Federal Register of Legislation.
Note: The register may be accessed at www.legislation.gov.au.
This instrument is made under subsections 341(1) and 992B(1) of the Corporations Act 2001.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191
1 Section 4 (paragraph (d) of the definition of entity)
Omit “.”, substitute “;”.
2 Section 4 (after paragraph (d) of the definition of entity)
Insert:
(e) a sub-fund of a CCIV.
3 Section 4 (subparagraph (a)(ii) of the definition of rounding factor)
After “(AASB 2)”, insert “or paragraph 168 of Accounting Standard AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities (AASB 1060)”.
4 Section 4 (subparagraph (a)(iii) of the definition of rounding factor)
After “AASB 1054 Australian Additional Disclosures”, insert “or paragraph 194 of AASB 1060”.
5 Section 4 (subparagraph (a)(iv) of the definition of rounding factor)
After “(AASB 124)”, insert “or paragraph 194 of AASB 1060”.
6 Section 4 (subparagraph (a)(v) of the definition of rounding factor)
After “paragraphs 18”, insert “, 18A”.
7 Section 4 (subparagraph (a)(v) of the definition of rounding factor)
After “AASB 124”, insert “or paragraphs 196, 198 and 199 of AASB 1060”.
8 Section 4 (paragraph (c) of the definition of rounding factor)
After “AASB 2”, insert “, paragraph 164 of AASB 1060”.