Queensland Consolidated Regulations

RETIREMENT VILLAGES REGULATION 2018 - REG 24

24 Use of best estimates of corresponding amounts

(1) This section applies in relation to a statement mentioned in a relevant provision if—

(a) the statement is for the financial year starting on 1 July 2025; and

(b) a provision of schedule 5A or 5B requires the statement to state a corresponding amount.

Note—

See schedule 5A, sections 5, 10 and 15 and schedule 5B, sections 5, 6(b), 11, 12(b), 17 and 18(b).

(2) The statement is taken to comply with the requirement mentioned in subsection (1)(b) if the statement—

(a) states the best estimate of the corresponding amount; and

(b) includes an accounting disclosure note stating that the corresponding amount mentioned in paragraph (a) is an estimate.

(3) In this section—

"relevant provision" means each of the following provisions—

(a) section 16A(2)(a);

(b) section 16B(2)(a);

(c) section 16C(2)(a);

(d) section 16D(2)(a);

(e) section 16E(2)(a).