Australian equivalents to International Financial Reporting Standard ('AIFRS'). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards ('IFRS'). The financial report has been prepared in accordance with the requirements of the following Australian Accounting Standards: AASB 1031: 110: Events after the Reporting Period No other Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The accounting policies have been consistently applied in the preparation of these statements. (b) Income Tax No provision for income tax has been raised as the Association is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.
Australian equivalents to International Financial Reporting Standard ('AIFRS'). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards ('IFRS'). The financial report has been prepared in accordance with the requirements of the following Australian Accounting Standards: AASB 1031: 110: Events after the Reporting Period No other Accounting Standards, Australian Accounting Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied. The accounting policies have been consistently applied in the preparation of these statements. (b) Income Tax No provision for income tax has been raised as the Association is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.
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