The Australian Securities and Investments Commission (ASIC) has issued a consultation paper in which it seeks views on financial reporting by ‘stapled’ entities. The Consultation Paper discusses various issues in relation to the preparation of financial reports by stapled entities in light of the issue of AASB 10 ‘Consolidated Financial Statements’ (equivalent to IFRS 10), and includes proposals for a legislative instrument to allow Australian stapled entities to present combined financial statements.