Document ID: chunk:federal_register_of_legislation:F2023C00402:front:0:p97
Version: federal_register_of_legislation:F2023C00402
Segment Type: other
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Character Range: 255178–257622

16 Leases.

   (d) Entities may elect to apply this Standard to annual periods beginning before 1 January 2018.

   (e) Earlier application is permitted, provided entities also apply AASB 15 to the same period.

   (f) AASB 2016-7 deferred the effective date of AASB 15 (and its consequential amendments in AASB 2014-5) for not-for-profit entities to annual reporting periods beginning on or after 1 January 2019, instead of 1 January 2018. However, earlier application is permitted, provided that AASB 1058 Income of Not-for-Profit Entities is also applied.

   (g) Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided AASB 1058 is also applied to the same period.

   (h)  Entities may elect to apply this Standard to annual periods beginning before 1 January 2023, provided that AASB 9 Financial Instruments is also applied on or before the date of initial application of AASB 17. (AASB 17 was amended prior to its mandatory application by various amending Standards, including AASB 2022-8 Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments, made by the AASB on 15 December 2022.)

   (i) Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided AASB 15 and AASB 16 are also applied to the same period.

   (j) Entities may elect to apply this Standard to annual periods beginning before 1 January 2019.

   (k) Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.

   (l) Entities may elect to apply this Standard to annual periods beginning before 1 January 2022.

   (m) Entities may elect to apply this Standard to annual periods beginning before 1 July 2022.

   (n) Entities may elect to apply this Standard to annual periods beginning before 1 January 2023.

Table of amendments to Standard
Paragraph affected                      How affected            By … [paragraph/page]
 Aus4.1 (and preceding heading)         deleted                 AASB 2015-8 [9]
 Aus4.2-Aus4.3                          deleted                 AASB 2015-8 [7]
Aus4.4                                  renumbered as AusC10.1  AASB 2015-8 [10]
 Aus4.5-Aus4.6 (and preceding heading)  deleted                 AASB 2015-8 [11]
Aus4.7 (preceding heading)              deleted                 AASB 2015-8 [12]
Aus4.7                                  renumbered as Aus129.1  AASB 2015-8 [12]