Document ID: chunk:federal_register_of_legislation:F2022C00493:front:0:p2
Version: federal_register_of_legislation:F2022C00493
Segment Type: other
Provision Reference: 
Character Range: 3080–5892

arrangement provide the entity with a choice of settlement              41
Share-based payment transactions among group entities (2009 amendments) 43A
Disclosures 44
Transitional provisions Aus52.1
Effective date 60
Withdrawal of Interpretations
Commencement of the legislative instrument
Withdrawal of AASB pronouncements Aus64.2
Appendices
A  Defined terms
B  Application guidance
C  Australian simplified disclosures for Tier 2 entities

Implementation Guidance
COMPILATION DETAILS
Deleted IFRS 2 Text

available on the AASB website
Basis for Conclusions on IFRS 2

Australian Accounting Standard AASB 2 Share-based Payment (as amended) is set out in paragraphs 1 – Aus64.2 and Appendices A – C.  All the paragraphs have equal authority.  Paragraphs in bold type state the main principles.  Terms defined in Appendix A are in italics the first time they appear in the Standard.  AASB 2 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations, and AASB 1057 Application of Australian Accounting Standards.  In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.

Comparison with IFRS 2
AASB 2 Share-based Payment as amended incorporates IFRS 2 Share-based Payment as issued and amended by the International Accounting Standards Board (IASB).  Australian‑specific paragraphs (which are not included in IFRS 2) are identified with the prefix "Aus".  Paragraphs that apply only to not-for-profit entities begin by identifying their limited applicability.

Tier 1
For-profit entities complying with AASB 2 also comply with IFRS 2.
Not-for-profit entities' compliance with IFRS 2 will depend on whether any "Aus" paragraphs that specifically apply to not-for-profit entities provide additional guidance or contain applicable requirements that are inconsistent with IFRS 2.

Tier 2
Entities preparing general purpose financial statements under Australian Accounting Standards – Simplified Disclosures (Tier 2) will not be in compliance with IFRS Standards.
AASB 1053 Application of Tiers of Australian Accounting Standards explains the two tiers of reporting requirements.

Accounting Standard AASB 2

The Australian Accounting Standards Board made Accounting Standard AASB 2 Share-based Payment under section 334 of the Corporations Act 2001 on 24 July 2015.

This compiled version of AASB 2 applies to annual periods beginning on or after 1 January 2022.  It incorporates relevant amendments contained in other AASB Standards made by the AASB up to and including 20 December 2021 (see Compilation Details).

Accounting Standard AASB 2

Share-based Payment

Objective