315Interpretation of accounting and auditing standards

315 Interpretation of accounting and auditing standards (cf Corporations Act s 337) In interpreting an accounting or auditing standard, unless the contrary intention appears: (a) expressions used in the standard have the same meanings as they have in this Part or in Chapter 2M of the Corporations Act, as the case requires; and

Co-operatives (National Uniform Legislation) Act 2015 204 (b) the provisions of Part 1.2 of this Law or of Part 1.2 of the Corporations Act apply as if the standard's provisions were provisions of this Part or Chapter 2M of the Corporations Act, as the case requires. Division 14 Exemptions and modifications