Document ID: chunk:federal_register_of_legislation:F2024C00047:reg:44jj:p3
Version: federal_register_of_legislation:F2024C00047
Segment Type: reg
Provision Reference: reg 44JJ (pt 3/23)
Character Range: 94602–97576

transactions or associated risks.
B4 [Deleted]

Other disclosure – accounting policies (paragraph 21)
B5 Paragraph 21 requires disclosure of material accounting policy information, which is expected to include information about the measurement basis (or bases) for financial instruments used in preparing the financial statements. For financial instruments, such disclosure may include:
(a) for financial liabilities designated as at fair value through profit or loss:
(i) the nature of the financial liabilities the entity has designated as at fair value through profit or loss;
(ii) the criteria for so designating such financial liabilities on initial recognition; and
(iii) how the entity has satisfied the conditions in paragraph 4.2.2 of AASB 9 for such designation.
(aa) for financial assets designated as measured at fair value through profit or loss:
(i) the nature of the financial assets the entity has designated as measured at fair value through profit or loss; and
(ii) how the entity has satisfied the criteria in paragraph 4.1.5 of AASB 9 for such designation.
(b) [deleted]
(c) whether regular way purchases and sales of financial assets are accounted for at trade date or at settlement date (see paragraph 3.1.2 of AASB 9).
(d) [deleted]
(e) how net gains or net losses on each category of financial instrument are determined (see paragraph 20(a)), for example, whether the net gains or net losses on items at fair value through profit or loss include interest or dividend income.
(f) [deleted]
(g) [deleted]
Paragraph 122 of AASB 101 also requires entities to disclose, along with material accounting policy information or other notes, the judgements, apart from those involving estimations, that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Nature and extent of risks arising from financial instruments
(paragraphs 31–42)
B6 The disclosures required by paragraphs 31–42 shall be either given in the financial statements or incorporated by cross-reference from the financial statements to some other statement, such as a management commentary or risk report, that is available to users of the financial statements on the same terms as the financial statements and at the same time. Without the information incorporated by cross-reference, the financial statements are incomplete.

Quantitative disclosures (paragraph 34)
B7 Paragraph 34(a) requires disclosures of summary quantitative data about an entity's exposure to risks based on the information provided internally to key management personnel of the entity. When an entity uses several methods to manage a risk exposure, the entity shall disclose information using the method or methods that provide the most relevant and reliable information. AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors discusses relevance and reliability.
B8 Paragraph