Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p170
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29 of AASB 101.

In paragraph 57, footnote 28 is amended. New text is underlined and deleted text is struck through.

  28 See paragraph 41 of AASB 18paragraph 30A of AASB 101.

In paragraph 60, footnote 29 is amended. New text is underlined and deleted text is struck through.

  29 See Appendix A and paragraph B2 of AASB 18paragraph 7 of AASB 101.

In paragraph 62(d), footnotes 30 and AusCF30 are amended. New text is underlined and deleted text is struck through.

  30 See paragraph 6A of AASB 108paragraph 15 of AASB 101.
     AusCF30 Notwithstanding footnote 30, in respect of AusCF entities, see paragraph AusCF6A of AASB 108paragraph AusCF15 of AASB 101.

In paragraph 67, footnotes 32–35 are amended. New text is underlined and deleted text is struck through.

  32 Except when Australian Accounting Standards permit or require otherwise. See paragraph 31 of AASB 18 38 of AASB 101.
  33 See paragraph 31 of AASB 18 38 of AASB 101.
  34 See paragraph 32 of AASB 18 38A of AASB 101.
  35 Paragraph 10(g) of AASB 18 10(f) of AASB 101 also requires an entity to provide a statement of financial position as at the beginning of the preceding period when the entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements in accordance with paragraphs 37–40 of AASB 18 40A–40D of AASB 101. (This is not required of entities applying Australian Accounting Standards – Simplified Disclosures.)

In paragraph 69, footnotes 36 and 37 are amended. New. text is underlined and deleted text is struck through.

  36 See paragraph B14 of AASB 18 38C of AASB 101.
  37 See paragraph 41 of AASB 18 and paragraph BC73 of the Basis for Conclusions on IFRS 18paragraph 30A of AASB 101 and paragraph BC30F of the Basis for Conclusions on IAS 1.

In paragraph 70, footnote 38 is amended. New text is underlined and deleted text is struck through.

  38 See paragraph 31 of AASB 18 38 of AASB 101.

Deleted IFRS 18 text
Deleted IFRS 18 text is not part of AASB 18.
C8 This Standard supersedes IAS 1.

Basis for Conclusions
This Basis for Conclusions accompanies, but is not part of, AASB 18.

Background
BC1               This Basis for Conclusions summarises the Australian Accounting Standards Board's (AASB's) considerations in reaching the conclusions regarding the substantive Australian-specific issues pertinent to IFRS 18 Presentation and Disclosure in Financial Statements and the making of AASB 18 Presentation and Disclosure in Financial Statements. In making decisions, individual Board members gave greater weight to some factors than to others.
BC2               In issuing IFRS 18, the International Accounting Standards Board (IASB)