Subdivision Application of the consolidation and equ - Accounting Standard AASB 2019-4 Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements - Application of the consolidation and equity accounting requirements

IG11 In relation to paragraph 9A(b) of this Standard, information about the accounting for subsidiaries and investments in associates and joint ventures is fundamental for a user’s understanding of the scope of the financial statements. Some entities are required to determine their financial reporting requirements based on the application of recognition and measurement requirements in Australian Accounting Standards, including consolidation, for example a proprietary company subject to section 45A of the Corporations Act 2001 is required to determine whether it is a small or large proprietary company on a consolidated basis (ie the parent and the entities it controls (subsidiaries)) in accordance with the accounting standards even if the standards do not otherwise apply to some or all of the companies concerned. Other entities, typically lodging financial reports with the ACNC, make their assessments based on individual entity circumstances only. In instances where legislation does not require assessment on a consolidated basis, and an entity has not made an assessment of whether its interests in other entities are subsidiaries, associates or joint ventures, an entity shall make a statement that they have not been assessed (see Example 2 below). IG12 Exemptions from consolidation of subsidiaries are provided in AASB 10, paragraphs 4(a) and Aus4.1 (as modified by paragraph Aus4.2), including when the entity is a wholly-owned subsidiary and its ultimate parent produces consolidated financial statements that are available for public use and comply with accounting standards. Directors preparing special purpose financial statements might have other reasons for non-consolidation of some or all of an entity’s subsidiaries, and paragraph 9A(b) requires these reasons to be disclosed (see Example 3 below). IG13 The following illustrative examples are provided:

<table cellspacing="0" cellpadding="0" style="width:453.85pt; border:0.75pt solid #000000; border-collapse:collapse"><thead><tr style="height:15pt"><td colspan="2" style="width:143.5pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.38pt">Scenario/Example</td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt">1</td><td style="width:43.5pt; border-right:1pt solid #000000; border-bottom:1pt solid #000000">2</td><td style="width:43pt; border-right:1pt solid #000000; border-left:1pt solid #000000; border-bottom:1pt solid #000000">3</td><td style="width:42.55pt; border-right:0.75pt solid #000000; border-left:1pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.25pt">4</td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt">5</td><td style="width:42.5pt; border-right:1pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.25pt; padding-left:0.75pt">6</td><td style="width:43.68pt; border-bottom:1pt solid #000000">7</td></tr></thead><tbody><tr style="height:15pt"><td rowspan="2" style="width:83.8pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000">Reporting Framework</td><td style="width:58.95pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt">ACNC</td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:42.55pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:15pt"><td style="width:58.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt">Corporations Act 2001</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:42.55pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000"></td></tr><tr style="height:14.5pt"><td rowspan="2" style="width:83.05pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">Subsidiaries</td><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Yes</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td rowspan="2" style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000">Notassessed</td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:15pt"><td style="width:58.95pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt">No</td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:42.55pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000"></td></tr><tr style="height:14.5pt"><td rowspan="3" style="width:83.05pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.38pt">Consolidated</td><td style="width:58.95pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt">Yes</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td rowspan="2" style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000">n/a</td><td style="width:43.25pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td rowspan="3" style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">n/a</td><td rowspan="3" style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">n/a</td><td rowspan="3" style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">n/a</td><td rowspan="3" style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000">n/a</td></tr><tr style="height:14.5pt"><td style="width:58.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt">No</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.25pt; border:0.75pt solid #000000"></td></tr><tr style="height:15pt"><td style="width:58.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt">Partially</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:43.25pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000"></td></tr><tr style="height:14.5pt"><td rowspan="2" style="width:83.05pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">Associates / Joint Ventures</td><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Yes</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td rowspan="2" style="width:43.25pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000">Not assessed</td><td style="width:43.25pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:8.65pt"><td style="width:58.95pt; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt">No</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.25pt; border:0.75pt solid #000000"></td><td style="width:43.3pt; border:0.75pt solid #000000"></td><td style="width:43.25pt; border:0.75pt solid #000000"></td><td style="width:43.25pt; border:0.75pt solid #000000"></td><td style="width:43.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:16.15pt"><td rowspan="3" style="width:83.05pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">Equity accounted</td><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Yes</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td rowspan="3" style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">n/a</td><td rowspan="3" style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">n/a</td><td rowspan="3" style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">n/a</td><td rowspan="3" style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000">n/a</td></tr><tr style="height:16.1pt"><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">No</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:16.1pt"><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Partially</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td></tr><tr style="height:32.6pt"><td rowspan="3" style="width:83.05pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt">Material accounting policies comply with all recognition and measurement requirements (except for AASB 10 or AASB 128)</td><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Yes</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000"></td><td style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:1pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000"></td></tr><tr style="height:32.6pt"><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">No</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:32.6pt"><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Not assessed</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:42.55pt; border:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1pt solid #000000"></td></tr><tr style="height:28.85pt"><td rowspan="3" style="width:83.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.38pt">Financial statements overall comply with all recognition and measurement requirements (except for AASB 10 or AASB 128)</td><td style="width:58.95pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt">Yes</td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:42.55pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:1pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.25pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:1pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:28.85pt"><td style="width:58.95pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt">No</td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; vertical-align:top"></td><td style="width:42.55pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-top:0.75pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000"></td></tr><tr style="height:28.85pt"><td style="width:58.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt">Not assessed</td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000"></td><td style="width:43.62pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; vertical-align:top"></td><td style="width:42.55pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.38pt"></td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:42.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-top:0.38pt; padding-right:0.38pt; padding-left:0.75pt"></td><td style="width:43.3pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000"></td></tr></tbody></table>

IG14 The following examples illustrate how an entity might apply the disclosure requirements in paragraph 9A of this Standard within the context of the requirements in AASB 101 and AASB 108 referred to in paragraph IG5 above to the special purpose financial statements they prepare, on the basis of the limited facts presented. Although some aspects of the examples might be present in actual fact patterns, all relevant facts and circumstances of a particular fact pattern need to be evaluated when applying disclosure requirements of this Standard.

#	Example	Illustrative disclosure
1	Compliance with all recognition and measurement requirements in Australian Accounting Standards including AASB 10 and AASB 128Charity A Inc, a not-for-profit parent, prepares consolidated special purpose financial statements that:consolidate all its subsidiaries in a manner consistent with the requirements set out in AASB 10;equity account all its investments in associates and joint ventures in a manner consistent with the requirements set out in AASB 128; andapply accounting policies that comply with all the recognition and measurement requirements in Australian Accounting Standards.	Charity A Inc is a not-for-profit entity. The Members of the Governing / Management Committee are of the opinion that the Association is not a reporting entity as users may obtain the financial information they require upon request. These special purpose financial statements have therefore been prepared in order to meet the requirements of the [Australian Charities and Not-for-profits Commission Act 2012 / insert further details of the not-for-profit reporting framework under which the financial statements are prepared].Charity A Inc has consolidated all its subsidiaries consistent with the requirements set out in AASB 10 Consolidated Financial Statements and equity accounted for its investments in associates and joint ventures in a manner consistent with the requirements set out in AASB 128 Investments in Associates and Joint Ventures.These consolidated special purpose financial statements comply with all the recognition and measurement requirements in Australian Accounting Standards.
2	Compliance with all recognition and measurement requirements in Australian Accounting Standards except for AASB 10 and AASB 128 (interests in other entities not assessed)Charity B Inc, a not-for-profit entity, prepares special purpose financial statements that:do not consolidate or equity account any entities as Charity B Inc did not determine whether its interests in other entities give rise to interests in subsidiaries or investments in associates or joint ventures; andapply accounting policies that comply with all the recognition and measurement requirements in Australian Accounting Standards.The legislative framework in which Charity B Inc operates does not require it to identify subsidiaries, associates or joint ventures to determine its financial reporting requirements.	Charity B Inc is a not-for-profit entity. In the opinion of the Management Committee, Charity B Inc is not a reporting entity as its users may request the financial information they need. These special purpose financial statements have been prepared for distribution to members and for the purposes of fulfilling the reporting requirements under the [Australian Charities and Not-for-profits Commission Act 2012 / insert further details of the not-for-profit reporting framework under which the financial statements are prepared].Charity B Inc has not assessed whether it has relationships with other entities which, for financial reporting purposes, might be considered subsidiaries, associates or joint ventures as it is not required by the [Australian Charities and Not-for-profits Commission Act 2012] to do so.These special purpose financial statements comply with all the recognition and measurement requirements in Australian Accounting Standards (except for the requirements set out in AASB 10 Consolidated Financial Statements or AASB 128 Investments in Associates and Joint Ventures).

Example

Illustrative disclosure

Compliance with all recognition and measurement requirements in Australian Accounting Standards including AASB 10 and AASB 128Charity A Inc, a not-for-profit parent, prepares consolidated special purpose financial statements that:consolidate all its subsidiaries in a manner consistent with the requirements set out in AASB 10;equity account all its investments in associates and joint ventures in a manner consistent with the requirements set out in AASB 128; andapply accounting policies that comply with all the recognition and measurement requirements in Australian Accounting Standards.

Charity A Inc is a not-for-profit entity. The Members of the Governing / Management Committee are of the opinion that the Association is not a reporting entity as users may obtain the financial information they require upon request. These special purpose financial statements have therefore been prepared in order to meet the requirements of the [Australian Charities and Not-for-profits Commission Act 2012 / insert further details of the not-for-profit reporting framework under which the financial statements are prepared].Charity A Inc has consolidated all its subsidiaries consistent with the requirements set out in AASB 10 Consolidated Financial Statements and equity accounted for its investments in associates and joint ventures in a manner consistent with the requirements set out in AASB 128 Investments in Associates and Joint Ventures.These consolidated special purpose financial statements comply with all the recognition and measurement requirements in Australian Accounting Standards.

Compliance with all recognition and measurement requirements in Australian Accounting Standards except for AASB 10 and AASB 128 (interests in other entities not assessed)Charity B Inc, a not-for-profit entity, prepares special purpose financial statements that:do not consolidate or equity account any entities as Charity B Inc did not determine whether its interests in other entities give rise to interests in subsidiaries or investments in associates or joint ventures; andapply accounting policies that comply with all the recognition and measurement requirements in Australian Accounting Standards.The legislative framework in which Charity B Inc operates does not require it to identify subsidiaries, associates or joint ventures to determine its financial reporting requirements.

Charity B Inc is a not-for-profit entity. In the opinion of the Management Committee, Charity B Inc is not a reporting entity as its users may request the financial information they need. These special purpose financial statements have been prepared for distribution to members and for the purposes of fulfilling the reporting requirements under the [Australian Charities and Not-for-profits Commission Act 2012 / insert further details of the not-for-profit reporting framework under which the financial statements are prepared].Charity B Inc has not assessed whether it has relationships with other entities which, for financial reporting purposes, might be considered subsidiaries, associates or joint ventures as it is not required by the [Australian Charities and Not-for-profits Commission Act 2012] to do so.These special purpose financial statements comply with all the recognition and measurement requirements in Australian Accounting Standards (except for the requirements set out in AASB 10 Consolidated Financial Statements or AASB 128 Investments in Associates and Joint Ventures).

Application of the consolidation and equApplication of the consolidation and equity accounting requirements

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Application of the consolidation and equity accounting requirements