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The self-correcting mechanism would be expected to be very rapid in an economy with
ASIC
ASIC stands for Australian Securities and Investments Commission, a body that regulates financial markets, securities, futures, and corporations in Australia.
Non-reporting Entities
Businesses or organizations that are not required to prepare or submit financial reports to regulatory agencies or stakeholders.
AASB 10/IFRS 10
Accounting standards outlining the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
Wholly Owned Subsidiary
A company whose entire share capital is held by another company.
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