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it supersedes the application of the repealed Standard.]

Appendix D
Amendments to other Australian Accounting Standards
This appendix sets out the amendments to other Australian Accounting Standards.
Amendments are made to the latest principal version of a Standard (or an Interpretation) as subsequently amended, unless otherwise indicated.
The amendments set out in this appendix also apply, as far as possible and necessary, to earlier principal versions of the Standards and Interpretations that are identified in this appendix when this Standard is applied prior to 1 January 2027.
This appendix uses underlining, striking out and other typographical material to identify some of the amendments to a Standard or an Interpretation, in order to make the amendments more understandable. However, the amendments made by this appendix do not include that underlining, striking out or other typographical material. Amended paragraphs are shown with deleted text struck through and new text underlined. Ellipses (…) are used to help provide the context within which amendments are made and also to indicate text that is not amended.

AASB 1 First-time Adoption of Australian Accounting Standards (July 2015)
Paragraphs 3, 4, 4A, 5, 22, 32, D30 and E2 and Appendix A are amended. Paragraphs 32(za) and 39AI are added. New text is underlined and deleted text is struck through.

Scope
 ...
3 An entity's first Australian-Accounting-Standards financial statements are the first annual financial statements in which the entity adopts Australian Accounting Standards, by an explicit and unreserved statement in those financial statements of compliance with Australian Accounting Standards. Financial statements in accordance with Australian Accounting Standards are an entity's first Australian-Accounting-Standards financial statements if, for example, the entity:
(a) presented its most recent previous financial statements:
 ...
(ii) in conformity with Australian Accounting Standards or IFRSs in all respects, except that the financial statements did not contain an explicit and unreserved statement that they complied with Australian Accounting Standards or IFRS Accounting StandardsIFRSs;
(iii) containing an explicit statement of compliance with some, but not all, Australian Accounting Standards or IFRS Accounting StandardsIFRSs;
 ...
(c) prepared a reporting package in accordance with Australian Accounting Standards or IFRSs for consolidation purposes without preparing a complete set of financial statements as defined in AASB 18 Presentation and Disclosure in Financial StatementsAASB 101 Presentation of Financial Statements; or
 ...
4 This Standard applies when an entity first adopts Australian Accounting Standards. It does not apply when, for example, an entity:
(a) stops presenting financial statements in accordance with national requirements, having previously presented them as well as another set of financial statements that contained an explicit and unreserved statement of compliance with Australian Accounting Standards or IFRS Accounting StandardsIFRSs;
(b) presented financial statements in the previous year in accordance with national