Document ID: chunk:federal_register_of_legislation:F2024C00050:body:0:p20
Version: federal_register_of_legislation:F2024C00050
Segment Type: other
Provision Reference: 
Character Range: 57591–61021

22 June 2023 and was prepared on 15 November 2023 by the 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 107 (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 107     7 Aug 2015   F2015L01538     31 Dec 2015         (beginning) 1 Jan 2016  see (a) below
AASB 16      23 Feb 2016  F2016L00233     31 Dec 2018         (beginning) 1 Jan 2019  see (b) below
AASB 2016-2  23 Mar 2016  F2016L00395     31 Dec 2016         (beginning) 1 Jan 2017  see (c) below
AASB 17      19 Jul 2017  F2017L01184     31 Dec 2022         (beginning) 1 Jan 2023  see (d) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (e) below
AASB 2023-1  22 Jun 2023  F2023L00953     31 Dec 2023         (beginning) 1 Jan 2024  see (f) below

   (a)           Entities may elect to apply this Standard to periods beginning on or after 1 January 2014 but before 1 January 2016.

   (b)           Entities may elect to apply this Standard to periods beginning before 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)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2023, provided that AASB 9 Financial Instruments is also applied on or before the date of initial application of AASB 17. (AASB 17 was amended prior to its mandatory application by various amending Standards, including AASB 2022-8 Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments, made by the AASB on 15 December 2022.)

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

   (f)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2024.

Table of amendments to Standard
Paragraph affected                How affected  By … [paragraph/page]
 14                               amended       AASB 17 [page 76]
 17                               amended       AASB 16 [page 47]
 44                               amended       AASB 16 [page 47]
 44A-44E (and preceding heading)  added         AASB 2016-2 [page 5]
 44F-44H (and preceding heading)  added         AASB 2023-1 [page 5]
 Aus52.1                          repealed      Legislation Act 2003, s. 48D
 53 (preceding heading)           amended       AASB 2023-1 [page 6]
 Aus58.1                          renumbered    AASB 16 [page 47]
 Aus58.2                          renumbered    AASB 16 [page 47]
 59                               added         AASB 16 [page 47]
 60                               added         AASB 2016-2 [page 6]
 61                               added         AASB 17 [page 76]
 62-63                            added         AASB 2023-1 [page 6]
 AusA1                            amended       AASB 2016-2 [page