Document ID: chunk:federal_register_of_legislation:F2023C00187:body:0:p16
Version: federal_register_of_legislation:F2023C00187
Segment Type: other
Provision Reference: 
Character Range: 40879–44396

staff of the Australian Accounting Standards Board (AASB).

This compilation is not a separate Accounting Standard made by the AASB.  Instead, it is a representation of AASB 108 (August 2015) as amended by other Accounting Standards, which are listed in the table below.

Table of Standards

Standard     Date made    FRL identifier  Commence-ment date  Effective date          Application, saving or transitional provisions
                                                              (annual periods
                                                              … on or after …)

AASB 108     7 Aug 2015   F2015L01565     31 Dec 2017         (beginning) 1 Jan 2018  see (a) below
AASB 2018-7  18 Dec 2018  F2019L00021     31 Dec 2019         (beginning) 1 Jan 2020  see (b) below
AASB 2019-1  21 May 2019  F2019L00966     31 Dec 2019         (beginning) 1 Jan 2020  see (b) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (c) below
AASB 2021-2  30 Mar 2021  F2021L00471     31 Dec 2022         (beginning) 1 Jan 2023  see (d) below

   (a) Entities may elect to apply this Standard to annual periods beginning after 24 July 2014 but before 1 January 2018.

(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 July 2021.

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

Table of amendments

Paragraph affected           How affected  By … [paragraph/page]
 AusCF1                      added         AASB 2019-1 [page 18]
 5                           amended       AASB 2018-7 [page 7]
                             amended       AASB 2021-2 [page 8]
 6                           deleted       AASB 2018-7 [page 7]
 7                           amended       AASB 1060 [page 61]
 11                          amended       AASB 2019-1 [page 18]
 AusCF11                     added         AASB 2019-1 [page 18]
 32 (and preceding heading)  amended       AASB 2021-2 [page 8]
 32A-32B                     added         AASB 2021-2 [page 8]
 34 (preceding heading)      added         AASB 2021-2 [page 8]
 34                          amended       AASB 2021-2 [page 8]
 34A                         added         AASB 2021-2 [page 9]
 36 (preceding heading)      added         AASB 2021-2 [page 9]
 38                          amended       AASB 2021-2 [page 9]
 39 (preceding heading)      amended       AASB 2021-2 [page 9]
 48                          amended       AASB 2021-2 [page 9]
54 (and preceding heading)   amended       AASB 2019-1 [page 18]
 54F-54G                     added         AASB 2019-1 [page 18]
 54H                         added         AASB 2018-7 [page 7]
 54I                         added         AASB 2021-2 [page 9]
 Aus56.1                     repealed      Legislation Act 2003, s. 48D
 Appendix A                  replaced      AASB 1060 [page 61]

Deleted IAS 8 text
Deleted IAS 8 text is not part of AASB 108.
54C IFRS 13 Fair Value Measurement, issued in May 2011, amended paragraph 52. An entity shall apply that amendment when it applies IFRS 13.
55 This Standard supersedes IAS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies, revised in 1993.
56 This Standard supersedes the following Interpretations:
(a) SIC-2 Consistency—Capitalisation of Borrowing Costs; and
(b) SIC-18 Consistency—Alternative Methods.