Document ID: chunk:federal_register_of_legislation:F2023C00406:body:0:p25
Version: federal_register_of_legislation:F2023C00406
Segment Type: other
Provision Reference: 
Character Range: 62031–64922

When applying the amendments described in paragraph 96A, an entity is required to split a compound financial instrument with an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation into separate liability and equity components. If the liability component is no longer outstanding, a retrospective application of those amendments to AASB 132 would involve separating two components of equity. The first component would be in retained earnings and represent the cumulative interest accreted on the liability component. The other component would represent the original equity component. Therefore, an entity need not separate these two components if the liability component is no longer outstanding at the date of application of the amendments.
97D–
97E [Deleted by the AASB]
97F [Deleted]
97G Paragraph 97B was added in the previous version of this Standard by AASB 2010-3 Amendments to Australian Accounting Standards arising from the Annual Improvements Project issued in June 2010. An entity shall apply the last two sentences of paragraph 97B for annual periods beginning on or after 1 July 2010. Earlier application is permitted.
97H [Deleted]
97I–
97O [Deleted by the AASB]
97P [Deleted]
97Q AASB 2014-5 Amendments to Australian Accounting Standards arising from AASB 15, issued in December 2014, amended paragraph AG21 in the previous version of this Standard. An entity shall apply that amendment when it applies AASB 15.
97R 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, 12, 23, 31, 42, 96C, AG2 and AG30 and deleted paragraph 97F. Paragraph 97H, added by AASB 2010-7, was deleted by AASB 2014-1. Paragraph 97P, added by AASB 2014-1, was deleted by AASB 2014-7. An entity shall apply those amendments when it applies AASB 9.
97S AASB 16 Leases, issued in February 2016, amended paragraphs AG9 and AG10. An entity shall apply those amendments when it applies AASB 16.
97T AASB 17, issued in July 2017, amended paragraphs 4 and AG8, and added paragraph 33A. AASB 2020-5 Amendments to Australian Accounting Standards – Insurance Contracts, issued in July 2020, further amended paragraph 4 and amended paragraph AG36. An entity shall apply those amendments when it applies AASB 17.

Withdrawal of other pronouncements
98–
100 [Deleted by the AASB]

Commencement of the legislative instrument
Aus100.1 [Repealed]

Withdrawal of AASB pronouncements
Aus100.2 This Standard repeals AASB 132 Financial Instruments: Presentation issued in July 2004. Despite the repeal, after the time this Standard starts to apply under section 334 of