Document ID: chunk:federal_register_of_legislation:F2021C00205:body:0:p38
Version: federal_register_of_legislation:F2021C00205
Segment Type: other
Provision Reference: 
Character Range: 98240–101413

AASB 4.
This compiled Standard applies to annual periods beginning on or after 1 January 2021. It takes into account amendments up to and including 17 September 2020 and was prepared on 15 February 2021 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 4 (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 4       7 Aug 2015    F2015L01623     31 Dec 2017         (beginning) 1 Jan 2018  see (a) below
AASB 16      23 Feb 2016   F2016L00233     31 Dec 2018         (beginning) 1 Jan 2019  see (b) below
AASB 2016-6  5 Oct 2016    F2016L01637     22 Oct 2016         (beginning) 1 Jan 2018  see (c) below
AASB 2016-7  9 Dec 2016    F2017L00043     31 Dec 2016         (beginning) 1 Jan 2017  see (d) below
AASB 2017-3  19 Jul 2017   F2017L01181     31 Dec 2017         (beginning) 1 Jan 2018  see (e) below
AASB 2020-5  27 July 2020  F2020L01007     31 Dec 2020         (beginning) 1 Jan 2021  see (f) below
AASB 2020-8  17 Sep 2020   F2020L01241     31 Dec 2020         (beginning) 1 Jan 2021  see (f) below

(a) Entities may elect to apply this Standard to annual periods beginning after 24 July 2014 but before 1 January 2018.
(b) Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied at or before the date of initial application of this Standard.
(c) Earlier application of this Standard is not permitted.
(d) AASB 2016-7 deferred the effective date of AASB 15 Revenue from Contracts with Customers (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 of AASB 4 (2015) incorporating the text that relates to AASB 15 is permitted, provided that AASB 15 is also applied.
(e) Earlier application of this Standard is not permitted.
(f) Entities may elect to apply this Standard to annual periods beginning before 1 January 2021.

Table of amendments
Paragraph affected      How affected  By … [paragraph/page]
 3                      amended       AASB 2016-6 [page 5]
 Aus3.1                 amended       AASB 2017-3 [page 5]
 Aus3.2                 added         AASB 2017-3 [page 5]
 4                      amended       AASB 16 [page 41]
 5                      amended       AASB 2016-6 [page 6]
 20A-20Q (and heading)  added         AASB 2016-6 [page 6]
 20A                    amended       AASB 2020-5 [page 5]
 20D-20E                amended       AASB 2017-3 [page 6]
 20J                    amended       AASB 2020-5 [page 5]
 20O                    amended       AASB 2020-5 [page 6]
 20R-20S (and heading)