Australian regulator extends interim relief for stapled entities
Posted by mostafa on 22 January, 2014
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The Australian Securities and Investments Commission (ASIC) has issued updates to its previous ‘class orders’ to permit stapled entities to continue to present consolidated or combined financial statements until such time as the IFRS Interpretations Committee can consider issues surrounding the application of IFRS 3 ‘Business Combinations’ and IFRS 10 ‘Consolidated Financial Statements’ in the context of stapled entities.