Document ID: chunk:federal_register_of_legislation:F2022C00550:body:0:p12
Version: federal_register_of_legislation:F2022C00550
Segment Type: other
Provision Reference: 
Character Range: 33122–36288

Accounting Standards – Annual Improvements 2018–2020 and Other Amendments, issued in June 2020, amended paragraph 22. An entity shall apply that amendment to fair value measurements on or after the beginning of the first annual reporting period beginning on or after 1 January 2022. Earlier application is permitted. If an entity applies the amendment for an earlier period, it shall disclose that fact.

Appendix A
Australian simplified disclosures for Tier 2 entities
This appendix is an integral part of the Standard.
AusA1 Paragraphs 40–57 do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities.

Compilation details
Accounting Standard AASB 141 Agriculture (as amended)
Compilation details are not part of AASB 141.
This compiled Standard applies to annual periods beginning on or after 1 January 2022.  It takes into account amendments up to and including 15 June 2020 and was prepared on 7 April 2022 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 141 (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 141     14 Aug 2015  F2015L01615     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 1058    9 Dec 2016   F2017L00042     31 Dec 2018         (beginning) 1 Jan 2019  see (b) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (c) below
AASB 2020-3  15 Jun 2020  F2020L00876     31 Dec 2021         (beginning) 1 Jan 2022  see (d) 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 annual 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 July 2021.
   (d)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2022.

Table of amendments
Paragraph affected  How affected  By … [paragraph/page]
 2                  amended       AASB 16 [page 61]
 22                 amended       AASB 2020-3 [page 12]
 Aus38.1            amended       AASB 1058 [page 25]
 Aus57.1            repealed      Legislation Act 2003, s. 48D
 64                 added         AASB 16 [page 61]
 65                 added         AASB 2020-3 [page 12]
 Appendix A         replaced      AASB 1060 [page