ASIC Corporations (Financial Reporting by Stapled Entities) Instrument 2023/673 (Cth)

ASIC Corporations (Financial Reporting by Stapled Entities) Instrument 2023/673 I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 21 September 2023

Anthony Graham

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Order 5 Relief to enable combination or consolidation of stapled entities 6 Relief for presentation of reports of stapled entities Part 3—Repeal 7 Repeal

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Financial Reporting by Stapled Entities) Instrument 2023/673.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under subsection 341(1) of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001. combine means the method to prepare combined financial statements. combined financial statements means, in relation to a stapled group, financial statements that aggregate two or more entities that are members of the group, eliminating inter-entity transactions and balances, but without: (a) identifying an acquirer or one or more acquirees; and (b) eliminating equity or reserves of the acquirees that existed when the terms on which the securities of the entities were traded on a prescribed financial market first required the securities to be transferred together. control has the same meaning as in accounting standard AASB 10 Consolidated Financial Statements. non-controlling interest has the same meaning as in accounting standard AASB 10 Consolidated Financial Statements. previous reporting period means: (a) in relation to a relevant year, the half-year forming part of the relevant year; and (b) in relation to a relevant half-year, the financial year ending immediately before the relevant half-year. single entity financial statements means financial statements referred to in paragraph 295(2)(a) or 303(2)(a) of the Act. stapled group means the group of entities consisting of: (a) a stapled issuer and each other stapled issuer a security of which under the terms on which it is traded on a prescribed financial market must be transferred with a security of the first-mentioned stapled issuer; and (b) all other entities controlled by the stapled issuers referred to in paragraph (a). stapled issuer means an entity a security of which under the terms on which it is traded on a prescribed financial market, must be transferred together with a security of one or more other entities. stapled security means a security of a stapled issuer which under the terms on which it is traded on a prescribed financial market, must be transferred together with a security of one or more other entities.