156AApplication of this subpart to Crown entity groups

1. A Crown entity (entity A) that is a member of a Crown entity group need not comply with this subpart except as required by this section and section 156B.

2. Entity A must prepare a statement or report under this subpart if, at the relevant time,—

3. entity A has 1 or more subsidiaries; and
4. entity A is not a subsidiary of another Crown entity.

5. If entity A is required by this section to prepare a statement or report, this subpart—

6. must be read as if it required the statement or report to include consolidated information in respect of the Crown entity group comprising entity A and its subsidiaries, rather than information in respect of entity A only; and
7. otherwise applies with any necessary modifications.

8. In this section,—

   relevant time, in relation to a statement or report, means—

   1. the end of the period to which the statement or report relates; or
   2. if the statement or report relates to a period that includes a future period, the time when the statement or report is provided to entity A's responsible Minister

   statement or report means any of the following:

   1. statement of intent (see section 139):
   2. statement of performance expectations (see section 149C):
   3. forecast financial statements (see section 149G):
   4. annual report (see section 150):
   5. statement of performance (see section 153):
   6. annual financial statements (see section 154)

   subsidiary means a subsidiary within the meaning of paragraph (b) or (c) of the definition of Crown entity group in section 136(1).