Document ID: chunk:federal_register_of_legislation:F2024C00047:front:0:p32
Version: federal_register_of_legislation:F2024C00047
Segment Type: other
Provision Reference: 
Character Range: 82658–85469

impracticable (as defined in AASB 108) at the date of initial application for an entity to assess whether the fair value of a prepayment feature was insignificant in accordance with paragraphs B4.1.12(c) of AASB 9 based on the facts and circumstances that existed at the initial recognition of the financial asset, an entity shall assess the contractual cash flow characteristics of that financial asset based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into account the exception for prepayment features in paragraph B4.1.12 of AASB 9. An entity shall disclose the carrying amount at the reporting date of the financial assets whose contractual cash flow characteristics have been assessed based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into account the exception for prepayment features in paragraph B4.1.12 of AASB 9 until those financial assets are derecognised.

Effective date and transition
43 An entity shall apply this Standard for annual periods beginning on or after 1 January 2018. Earlier application is encouraged for periods beginning after 24 July 2014 but before 1 January 2018. If an entity applies this Standard for an earlier period, it shall disclose that fact.
44–
44D [Deleted by the AASB]
44E [Deleted]
44F [Deleted]
44G [Deleted by the AASB]
44H–
44J [Deleted]
44K–
44M [Deleted by the AASB]
44N [Deleted]
44O–
44R [Deleted by the AASB]
44S–
44W [Deleted]
44X [Deleted by the AASB]
44Y [Deleted]
44Z AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010) (as amended), AASB 2014-1 Amendments to Australian Accounting Standards and AASB 2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014) amended the previous version of this Standard as follows: amended paragraphs 3, 4, 8–11, 14, 20, 28–30, 36, 42C–42E, Appendix A and paragraphs B1, B5, B9, B10, B22 and B27, deleted paragraphs 12, 12A, 16, 22, 23, 24, 37, 44E, 44F, 44H–44J, 44S–44W, B4 and Appendix D and added paragraphs 5A, 10A, 11A, 11B, 12B–12D, 16A, 20A, 21A–21D, 22A–22C, 23A–23F, 24A–24G, 35A–35N, 42I–42S, 44ZA and B8A–B8J. Paragraph 44N, added by AASB 2010-7, was deleted by AASB 2014-1. Paragraph 44Y, added by AASB 2014-1, was deleted by AASB 2014-7. An entity shall apply those amendments when it applies AASB 9. Those amendments need not be applied to comparative information provided for periods before the date of initial application of AASB 9.
44ZA In accordance with paragraph 7.1.2 of AASB 9, for annual reporting periods prior to 1 January 2018, an entity may elect to early apply only the requirements for the presentation of gains and losses on financial liabilities designated as at fair value through