INCOME TAX ASSESSMENT ACT 1997 - SECT 230.500 Comparable foreign accounting and auditing standards

INCOME TAX ASSESSMENT ACT 1997 - SECT 230.500

    The regulations may:

  (a)   specify that particular standards that apply under a * foreign law are to be taken for the purposes of this Division to be comparable to the * accounting principles; and

  (b)   specify that particular standards that apply under a foreign law are to be taken for the purposes of this Division to be comparable to the * auditing principles.