Document ID: chunk:federal_register_of_legislation:F2024C00049:body:0:p48
Version: federal_register_of_legislation:F2024C00049
Segment Type: other
Provision Reference: 
Character Range: 121501–124562

Jan 2019  see (e) below
AASB 2019-2  18 Sep 2019  F2019L01441     31 Dec 2019         (beginning) 1 Jan 2020  see (b) below
AASB 2019-8  19 Dec 2019  F2020L00062     31 Dec 2019         (beginning) 1 Jan 2019  see (e) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (f) below
AASB 2020-4  15 Jun 2020  F2020L00877     15 Jun 2020         (beginning) 1 Jun 2020  see (g) below
AASB 2020-7  10 Aug 2020  F2020L01050     30 Jun 2021         (beginning) 1 Jul 2021  see (h) below
AASB 2020-8  17 Sep 2020  F2020L01241     31 Dec 2020         (beginning) 1 Jan 2021  see (i) below
AASB 2021-3  21 Apr 2021  F2021L00545     21 Apr 2021         (beginning) 1 Apr 2021  see (j) below
AASB 2021-7  20 Dec 2021  F2021L01883     31 Dec 2021         (beginning) 1 Jan 2022  see (k) below
AASB 2022-5  10 Nov 2022  F2022L01500     31 Dec 2023         (beginning) 1 Jan 2024  see (l) below

   (a)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied to the same period.
   (b)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.
   (c)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019.
   (d)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 and AASB 16 Leases are also applied to the same period.
   (e)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 1058 Income of Not-for-Profit Entities is also applied to the same period.
   (f)            Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.
   (g)           Entities may elect to apply this Standard to annual periods beginning before 1 June 2020.
   (h)           Entities are required to apply this Standard to annual periods beginning before 1 July 2021 if the entity has applied AASB 2020-4 Amendments to Australian Accounting Standards – Covid-19-Related Rent Concessions and AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities to such a period.
   (i)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2021.
   (j)            Entities may elect to apply this Standard to annual periods beginning before 1 April 2021.
   (k)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2022.
   (l)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2024.

Table of amendments
Paragraph affected        How affected          By … [paragraph/page]
 3                        amended               AASB 2021-7 [25]
 Aus3.1                   added                 AASB 1059 [page 26]
 Aus3.1                   added                 AASB 2018-4 [8]