Treasury Laws Amendment (Financial Reporting System Reform) Act 2026 (61 of 2026)

Schedule 1   Financial reporting system reform

Part 3   Consequential amendments

Australian Charities and Not-for-profits Commission Act 2012

23   Section 300-5 (definition of auditing standard)

Repeal the definition, substitute:

auditing standard , in relation to an audit or review, means any standard issued by External Reporting Australia that applies to the audit or review, as in force from time to time.