Document ID: chunk:federal_register_of_legislation:F2022C00487:reg:2
Version: federal_register_of_legislation:F2022C00487
Segment Type: reg
Provision Reference: reg 2
Character Range: 6244–6982

2                        In meeting this objective, the Standard requires:
(a)                    limited changes to the accounting policies that were applied in accordance with previous generally accepted accounting principles (previous GAAP) for regulatory deferral account balances, which are primarily related to the presentation of these accounts; and
(b)                   disclosures that:
(i)                     identify and explain the amounts recognised in the entity's financial statements that arise from rate regulation; and
(ii)                   help users of the financial statements to understand the amount, timing and uncertainty of future cash flows from any regulatory deferral account balances that are recognised.