Document ID: chunk:federal_register_of_legislation:F2023C00399:body:0:p190
Version: federal_register_of_legislation:F2023C00399
Segment Type: other
Provision Reference: 
Character Range: 517115–520402

17 [page 75]
 7.2.43-7.2.46 (and heading)  added                 AASB 2020-8 [page 10]
 B2.1                         amended               AASB 17 [page 75]
 AusB2.1.1                    added                 AASB 2022-8 [page 9]
 B2.4                         amended               AASB 17 [page 76]
 AusB2.4.1                    added                 AASB 2022-8 [page 9]
 B2.5                         amended               AASB 17 [page 76]
 B3.3.6                       amended               AASB 2020-3 [page 9]
 B3.3.6A                      added                 AASB 2020-3 [page 9]
 B4.1.11                      amended               AASB 2017-6 [page 7]
 B4.1.12                      amended               AASB 2017-6 [page 7]
 B4.1.12A                     added                 AASB 2017-6 [page 8]
 B4.1.30                      amended               AASB 17 [page 76]
 B4.3.8                       amended               AASB 16 [page 43]
 B5.5.34                      amended               AASB 16 [page 44]
 B5.5.46                      amended               AASB 16 [page 44]
 Appendix C                   added                 AASB 2016-8 [5]

Deleted IFRS 9 text
Deleted IFRS 9 text is not part of AASB 9.
7.1.1 An entity shall apply this Standard for annual periods beginning on or after 1 January 2018. Earlier application is permitted. If an entity elects to apply this Standard early, it must disclose that fact and apply all of the requirements in this Standard at the same time (but see also paragraphs 7.1.2, 7.2.21 and 7.3.2). It shall also, at the same time, apply the amendments in Appendix C.
7.1.3 Annual Improvements to IFRSs 2010–2012 Cycle, issued in December 2013, amended paragraphs 4.2.1 and 5.7.5 as a consequential amendment derived from the amendment to IFRS 3. An entity shall apply that amendment prospectively to business combinations to which the amendment to IFRS 3 applies.
7.1.4 IFRS 15, issued in May 2014, amended paragraphs 3.1.1, 4.2.1, 5.1.1, 5.2.1, 5.7.6, B3.2.13, B5.7.1, C5 and C42 and deleted paragraph C16 and its related heading. Paragraphs 5.1.3 and 5.7.1A, and a definition to Appendix A, were added. An entity shall apply those amendments when it applies IFRS 15.
7.3.1 This Standard supersedes IFRIC 9 Reassessment of Embedded Derivatives. The requirements added to IFRS 9 in October 2010 incorporated the requirements previously set out in paragraphs 5 and 7 of IFRIC 9. As a consequential amendment, IFRS 1 First-time Adoption of International Financial Reporting Standards incorporated the requirements previously set out in paragraph 8 of IFRIC 9.
7.3.2 This Standard supersedes IFRS 9 (2009), IFRS 9 (2010) and IFRS 9 (2013). However, for annual periods beginning before 1 January 2018, an entity may elect to apply those earlier versions of IFRS 9 instead of applying this Standard if, and only if, the entity's relevant date of initial application is before 1 February 2015.
[1] In accordance with paragraph 7.2.21, an entity may choose as its accounting policy to continue to apply the hedge accounting requirements in AASB 139 instead of the requirements in Chapter 6 of this Standard. If an entity has made this election, the references in this Standard to particular hedge accounting requirements in Chapter 6 are not