Document ID: chunk:federal_register_of_legislation:F2023C00930:reg:5:p59
Version: federal_register_of_legislation:F2023C00930
Segment Type: reg
Provision Reference: reg 5 (pt 59/61)
Character Range: 196057–199863

1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied to the same period.

   (c)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2017.

   (d)           AASB 2016-7 deferred the effective date of AASB 15 (and its consequential amendments in AASB 2014-5) for not-for-profit entities to annual reporting periods beginning on or after 1 January 2019, instead of 1 January 2018.  However, earlier application of AASB 112 (2015) incorporating the text that relates to AASB 15 is permitted, provided that AASB 15 is also applied.

   (e)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019.

   (f)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.

   (g)           Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.

   (h)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2023.

   (i)            Entities may elect to apply this Standard to annual periods ending before 30 June 2023.

   (j)            Entities may elect to apply this Standard to annual periods ending before 30 September 2023.

Table of amendments to Standard
Paragraph affected                How affected  By … [paragraph/page]
 AusCF1                           added         AASB 2019-1 [page 19]
 4                                amended       AASB 1058 [page 23]
 Aus4.1                           added         AASB 1058 [page 23]
 4A                               added         AASB 2023-2 [page 5]
 15                               amended       AASB 2021-5 [page 6]
 20                               amended       AASB 16 [page 49]
 22                               amended       AASB 2021-5 [page 6]
 22A                              added         AASB 2021-5 [page 7]
 24                               amended       AASB 2021-5 [page 7]
 26 (example)                     added         AASB 2016-1 [page 6]
 27A                              added         AASB 2016-1 [page 6]
 29                               amended       AASB 2016-1 [page 7]
 29A                              added         AASB 2016-1 [page 7]
 Aus33.1                          amended       AASB 1058 [page 23]
 52B                              deleted       AASB 2018-1 [page 6]
 52B (example)                    amended       AASB 2018-1 [page 7]
 57A                              added         AASB 2018-1 [page 7]
 88A-88D (and preceding heading)  added         AASB 2023-2 [page 6]
 98G                              added         AASB 16 [page 50]
 98H                              added         AASB 2016-1 [page 7]
 98I                              added         AASB 2018-1 [page 7]
 98J-98L                          added         AASB 2021-5 [page 7]
 98M                              added         AASB 2023-2 [page 6]
 Aus99.1                          repealed      Legislation Act 2003, s. 48D
 Appendix A                       replaced      AASB 1060 [page 62]
 AusA1                            amended       AASB 2023-4 [8]

Table of amendments to illustrative examples
Paragraph affected                          How affected  By … [paragraph/page]
Illustrative computations and presentation
 Example 7                                  added         AASB 2016-1 [page 8]
 Example 8                                  added         AASB 2021-5 [page 8]

Deleted IAS 12 text
Deleted IAS 12 text is not part of AASB 112.
90 This Standard supersedes IAS 12 Accounting for Taxes on Income, approved in 1979.
91 Paragraphs 52A, 52B, 65A, 81(i), 82A, 87A, 87B, 87C and the deletion of paragraphs 3 and 50 become operative for annual financial statements1 covering periods