Queensland Consolidated Regulations Queensland Consolidated Regulations(1) The opening balance shown in each successive statement of account must not exceed the closing balance shown in the last statement of account.
(2) However, if no statement of account was given for the previous period, the next statement of account required to be given by this Code may have an opening balance that exceeds the closing balance for the previous statement and must provide the particulars referred to in section 32(C)-(K) in relation to any immediately preceding periods for which statements were not given.