Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - SCHEDULE 12

ASIC transitional standards

(regulation 12.7.01)

   

1.                The following provisions of Book 3 of the Prudential Notes and Prudential Standards issued by AFIC under Part 4 of the AFIC Code of a State or Territory, as in force immediately before the transfer date:

                     (a)  the modification of the accounting standard known as Accounting Standard AASB 1032 (published in the Gazette on 12 December 1996) by Prudential Standard 3.3.1, except the definition of deposits added to the accounting standard by the Prudential Standard;

                     (b)  Prudential Standard 3.5.4;

                     (c)  Prudential Standard 3.5.5;

                     (d)  Prudential Standard 3.7.1;

                     (e)  Prudential Standard 3.7.4;

                      (f)  Prudential Standard 3.7.5.

2.                The following provisions of Book 4 of the Prudential Notes and Prudential Standards issued by AFIC under Part 4 of the AFIC Code of a State or Territory, as in force immediately before the transfer date:

                     (a)  the modification of the accounting standard known Accounting Standard AASB 1032 (published in the Gazette on 12 December 1996) by Prudential Standard 4.3.1, except the definition of deposits added to the accounting standard by the Prudential Standard;

                     (b)  Prudential Standard 4.7.1;

                     (c)  Prudential Standard 4.7.4;

                     (d)  Prudential Standard 4.7.5.

3.                The following provisions of Book 5 of the Prudential Notes and Prudential Standards issued by AFIC under Part 4 of the AFIC Code of a State or Territory, as in force immediately before the transfer date:

                     (a)  Prudential Standard 5.5.1;

                     (b)  Prudential Standard 5.5.3;

                     (c)  Prudential Standard 5.5.4.

4.                The following provisions of Book 6 of the Prudential Notes and Prudential Standards issued by AFIC under Part 4 of the AFIC Code of a State or Territory, as in force immediately before the transfer date:

                     (a)  Prudential Standard 6.7.2;

                     (b)  Prudential Standard 6.7.4;

                     (c)  Prudential Standard 6.7.5;

                     (d)  Prudential Standard 6.8.3.



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