(1) The following matters are prescribed for the purposes of section 132(3) of the Act (which requires financial statements to be in the prescribed form and to contain the matters prescribed by regulations):
(a) a statement of financial position of the body corporate; and
(b) a statement of the body corporate's income and expenditure during the financial year to which the financial statement applies; and
(c) any other matters that the body corporate decides by ordinary resolution should be included in the financial statement; and
(d) any explanatory material that the body corporate considers necessary for the purpose of understanding the financial statement.
(2) In this regulation, statement of financial position means a statement of the assets and liabilities of the body corporate at the date the statement is made.