Co-operatives National Law (Queensland)
sec.263Interpretation
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sec.263 Interpretation
In this Part— accounting standard —see section 314 . audit means— an audit conducted for the purposes of this Law; or a review of a financial report conducted for the purposes of this Law. auditing standard —see section 314 . consolidated entity means a co-operative together with all the entities it is required by the accounting standards to include in consolidated financial statements. directors’ declaration —see section 273 . financial report means an annual financial report or a half-year financial report prepared by a co-operative under this Part (and see section 273 ). financial statements —see section 273 . notes to the financial statements —see section 273 . Terms used in this Part have the same meanings as they have in the Corporations Act , and in particular in Chapter 2M of the Corporations Act . Examples of terms covered by subsection (2) are authorised audit company , entity , control and registered company auditor . Without limiting subsection (2) , the term controlled entity used in this Part has a meaning affected by section 50AA of the Corporations Act . (sec.263-ssec.1) In this Part— accounting standard —see section 314 . audit means— an audit conducted for the purposes of this Law; or a review of a financial report conducted for the purposes of this Law. auditing standard —see section 314 . consolidated entity means a co-operative together with all the entities it is required by the accounting standards to include in consolidated financial statements. directors’ declaration —see section 273 . financial report means an annual financial report or a half-year financial report prepared by a co-operative under this Part (and see section 273 ). financial statements —see section 273 . notes to the financial statements —see section 273 . (sec.263-ssec.2) Terms used in this Part have the same meanings as they have in the Corporations Act , and in particular in Chapter 2M of the Corporations Act . Examples of terms covered by subsection (2) are authorised audit company , entity , control and registered company auditor . (sec.263-ssec.3) Without limiting subsection (2) , the term controlled entity used in this Part has a meaning affected by section 50AA of the Corporations Act .
- (a) an audit conducted for the purposes of this Law; or
- (b) a review of a financial report conducted for the purposes of this Law.