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* Accounting Standard AASB 1018: 'Profit and Loss Accounts' states (at clause .10): "The profit or loss for a financial period reported in the profit and loss account shall...take into account all items of revenue and expense arising in that financial period..."
The Corporations Law states (at ss191(2)): "...The share premium account may be applied...(e) in writing off:
(i) preliminary expenses of the company; or
(ii) the expenses of, or the payment made in respect...