The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 No. 2947

SCHEDULE 7 MINOR AND CONSEQUENTIAL AMENDMENTS

PART 1 AMENDMENTS OF THE COMPANIES ACT 1985

3.  In section 154(2)(b) (definition of “liabilities” for the purposes of the “net asset” test) for “or loss” substitute “the nature of which is clearly defined and”.