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AASB Standard  AASB 2021-7
               December 2021

Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections

Obtaining a copy of this Accounting Standard
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COPYRIGHT
© Commonwealth of Australia 2021
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ISSN 1036-4803

Contents

Preface
Accounting Standard
AASB 2021-7 Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections

from paragraph
Objective 1
Application 3
DEFERRAL OF Amendments RE THE SALE OR CONTRIBUTION OF ASSETS 7
editorial corrections FROM 1 JANUARY 2022 13
editorial corrections FROM 1 JANUARY 2023 62
Commencement of the legislative instrument 71

Australian Accounting Standard AASB 2021-7 Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections is set out in paragraphs 1 – 71. All the paragraphs have equal authority.

Preface

Standards amended by AASB 2021-7
This Standard makes amendments to AASB 10 Consolidated Financial Statements (July 2015), AASB 128 Investments in Associates and Joint Ventures (August 2015) and the other Standards, Interpretations and pronouncements listed in paragraph 2 of the Standard.
These amendments relate to International Financial Reporting Standard Effective Date of Amendments to IFRS 10 and IAS 28, issued by the International Accounting Standards Board (IASB) in December 2015, as well as a range of editorial corrections.

Main features of this Standard

     Main requirements
This Standard defers the mandatory effective date (application date) of amendments to AASB 10 and AASB 128 that were originally made in AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture so that the amendments are required to be applied for annual reporting periods beginning on or after 1 January 2025 instead of 1 January 2022.
The amendments in