The model illustrates a half-year report that complies with:

• the Australian Corporations Act 2001;
• accounting standard AASB 134 Interim Financial Reporting, as amended by AASB 2004-2 and AASB 2005-7 'Amendments to Australian Accounting Standards'; and
• other requirements and guidelines current as at the date of issue, including Australian Stock Exchange (ASX) Listing Rules and Australian Securities and Investments Commission (ASIC) Class Orders, Practice Notes, Policy Statements and Media Releases.

This model is intended to meet the needs of the vast majority of entities in complying with the half-year reporting requirements of the Corporations Act 2001. It does not illustrate the special reporting requirements for such industries as life insurance and credit unions. Further, of course, this model cannot cover all situations that may be encountered in practice and is not a substitute for knowledge of the disclosure provisions of the Corporations Act 2001, Accounting Standards, and Interpretations are pre-requisites for the preparation of financial reports. We have put a permanent link to these and other A-IFRS model financial statements on our Australia Page.