A Consolidated Entity Is Defined in the Corporations Act 2001

Multiple Choice

A consolidated entity is defined in the Corporations Act 2001 as:

A) The company and its subsidiaries at the end of the financial year. Subsidiaries are companies and trusts as defined in terms of this Act.
B) A company, registered management investment scheme or disclosing entity together with all the entities it is required by Accounting Standards to include in consolidated financial statements.
C) A trust or partnership registered as a management investment scheme and all the entities it controls at the end of the financial year.
D) The parent company, minority interests and subsidiaries owned by that parent company as at the end of the financial year.
E) None of the given answers.