Document ID: chunk:federal_register_of_legislation:F2023C00181:body:0:p25
Version: federal_register_of_legislation:F2023C00181
Segment Type: other
Provision Reference: 
Character Range: 64760–67814

of investment property. For those measurements, an entity may rely on professionally qualified valuers at annual reporting dates though not at interim reporting dates.
C8 Intercompany reconciliations: Some intercompany balances that are reconciled on a detailed level in preparing consolidated financial statements at financial year-end might be reconciled at a less detailed level in preparing consolidated financial statements at an interim date.
C9 Specialised industries: Because of complexity, costliness, and time, interim period measurements in specialised industries might be less precise than at financial year-end. An example would be calculation of insurance reserves by insurance companies.

Compilation details
Accounting Standard AASB 134 Interim Financial Reporting (as amended)
Compilation details are not part of AASB 134.
This compiled Standard applies to annual periods beginning on or after 1 January 2023.  It takes into account amendments up to and including 15 December 2022 and was prepared on 6 February 2023 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB.  Instead, it is a representation of AASB 134 (August 2015) as amended by other Accounting Standards, which are listed in the table below.

Table of Standards
Standard     Date made    FRL identifier  Commence-ment date  Effective date          Application, saving or transitional provisions
                                                              (annual periods
                                                              … on or after …)
AASB 134     7 Aug 2015   F2015L01557     31 Dec 2016         (beginning) 1 Jan 2018  see (a) below
AASB 2015-8  22 Oct 2015  F2015L01840     31 Dec 2016         (beginning) 1 Jan 2017  see (b) below
AASB 16      23 Feb 2016  F2016L00233     31 Dec 2018         (beginning) 1 Jan 2019  see (c) below
AASB 2016-7  9 Dec 2016   F2017L00043     31 Dec 2016         (beginning) 1 Jan 2017  see (d) below
AASB 2017-5  12 Dec 2017  F2018L00067     31 Dec 2017         (beginning) 1 Jan 2018  see (e) below
AASB 2018-7  18 Dec 2018  F2019L00021     31 Dec 2019         (beginning) 1 Jan 2020  see (f) below
AASB 2019-1  21 May 2019  F2019L00966     31 Dec 2019         (beginning) 1 Jan 2020  see (f) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (g) below
AASB 2021-2  30 Mar 2021  F2021L00471     31 Dec 2022         (beginning) 1 Jan 2023  see (h) below
AASB 2021-7  20 Dec 2021  F2021L01883     31 Dec 2021         (beginning) 1 Jan 2022  see (i) below
AASB 2022-7  15 Dec 2022  F2023L00018     31 Dec 2022         (beginning) 1 Jan 2023  see (h) below

   (a) AASB 134 applies to annual periods beginning on or after 1 January 2018 (instead of 1 January 2017) as a result of amendments made by AASB 2015-8 Amendments to Australian Accounting Standards – Effective Date of AASB 15.  Entities may elect to apply this Standard to annual periods beginning on or after 1 January 2014 but