Accounting Standards Act · s 2

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2.
Interpretation
In this Act, unless the context otherwise requires —
“accounting standard” means —
(a) an accounting standard made or formulated by the Council under Part 4; or
(b) an accounting standard for statutory bodies established by the Authority under Part 5;
“Authority” means such person as is appointed by His Majesty the
Sultan and Yang Di-Pertuan under section 3(1) to be the Authority for the purposes of this Act;
“Chairman” means the Chairman of the Council appointed under section 5(1)(a), and includes any temporary Chairman of the Council if so appointed;
“company” means any company registered or incorporated under the
Companies Act (Chapter 39) and includes any company registered or incorporated outside Brunei Darussalam which establishes a place of business in Brunei Darussalam and continues to have an established place of business within Brunei Darussalam;

Accounting Standards 6

“Council” means the Accounting Standards Council established under section 4;
“making or formulating”, in relation to any accounting standard, includes amending and revoking the accounting standard;
“member”, in relation to the Council, means a member of the Council and includes the Chairman thereof;
“Minister” means the Minister of Finance and Economy;
“statutory body” means a body established or constituted by or under any written law.

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s 2Interpretation

In this Act, unless the context otherwise requires —

“accounting standard” means —

(a)

an accounting standard made or formulated by the Council under Part 4; or

(b)

an accounting standard for statutory bodies established by the Authority under Part 5;

“Authority” means such person as is appointed by His Majesty the

Sultan and Yang Di-Pertuan under section 3(1) to be the Authority for the purposes of this Act;

“Chairman” means the Chairman of the Council appointed under section 5(1)(a), and includes any temporary Chairman of the Council if so appointed;

“company” means any company registered or incorporated under the

Companies Act (Chapter 39) and includes any company registered or incorporated outside Brunei Darussalam which establishes a place of business in Brunei Darussalam and continues to have an established place of business within Brunei Darussalam;

Accounting Standards 6

“Council” means the Accounting Standards Council established under section 4;

“making or formulating”, in relation to any accounting standard, includes amending and revoking the accounting standard;

“member”, in relation to the Council, means a member of the Council and includes the Chairman thereof;

“Minister” means the Minister of Finance and Economy;

“statutory body” means a body established or constituted by or under any written law.