Document ID: chunk:federal_register_of_legislation:F2023C00417:reg:16:p1
Version: federal_register_of_legislation:F2023C00417
Segment Type: reg
Provision Reference: reg 16 (pt 1/2)
Character Range: 56986–60276

16                  amended       AASB 16 [page 57]
 19A                added         AASB 16 [page 57]
 20                 amended       AASB 16 [page 57]
 Aus20.1            amended       AASB 1058 [page 25]
 25                 deleted       AASB 16 [page 57]
 26                 deleted       AASB 16 [page 57]
 29A                added         AASB 16 [page 58]
 30                 amended       AASB 16 [page 58]
 32B                amended       AASB 17 [page 84]
 34                 deleted       AASB 16 [page 58]
 40A                added         AASB 16 [page 58]
 41                 amended       AASB 16 [page 58]
 50                 amended       AASB 16 [page 58]
 53                 amended       AASB 16 [page 58]
 53A                amended       AASB 16 [page 59]
 54                 amended       AASB 16 [page 59]
 56                 amended       AASB 16 [page 59]
 57-58              amended       AASB 2017-1 [page 8]
 60-62              amended       AASB 16 [page 59]
 67                 amended       AASB 16 [page 60]
 69                 amended       AASB 16 [page 60]
 74                 amended       AASB 16 [page 60]
 75                 amended       AASB 16 [page 60]
 77                 amended       AASB 16 [page 60]
 78                 amended       AASB 16 [page 60]
 84B                added         AASB 16 [page 61]
 84C-84E            added         AASB 2017-1 [page 9]
 85                 amended       AASB 2015-8 [13]
 85F                added         AASB 16 [page 61]
 85G                added         AASB 2017-1 [page 9]
 85H                added         AASB 17 [page 84]
 Aus86.1            repealed      Legislation Act 2003, s. 48D
 Appendix A         replaced      AASB 1060 [page 66]

Deleted IAS 40 text
Deleted IAS 40 text is not part of AASB 140.
80 An entity that has previously applied IAS 40 (2000) and elects for the first time to classify and account for some or all eligible property interests held under operating leases as investment property shall recognise the effect of that election as an adjustment to the opening balance of retained earnings for the period in which the election is first made. In addition:
(a) if the entity has previously disclosed publicly (in financial statements or otherwise) the fair value of those property interests in earlier periods (measured on a basis that satisfies the definition of fair value in IFRS 13), the entity is encouraged, but not required:
(i) to adjust the opening balance of retained earnings for the earliest period presented for which such fair value was disclosed publicly; and
(ii) to restate comparative information for those periods; and
(b) if the entity has not previously disclosed publicly the information described in (a), it shall not restate comparative information and shall disclose that fact.
81 This Standard requires a treatment different from that required by IAS 8. IAS 8 requires comparative information to be restated unless such restatement is impracticable.
82 When an entity first applies this Standard, the adjustment to the opening balance of retained earnings includes the reclassification of any amount held in revaluation surplus for investment property.
83 IAS 8 applies to any change in accounting policies that is made when an entity first