Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 244L

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.]