Document ID: chunk:federal_register_of_legislation:F2023C00188:front:0:p2
Version: federal_register_of_legislation:F2023C00188
Segment Type: other
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Character Range: 2977–3953

be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations, and AASB 1057 Application of Australian Accounting Standards.  In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.

Accounting Standard AASB 1058

The Australian Accounting Standards Board made Accounting Standard AASB 1058 Income of Not-for-Profit Entities under section 334 of the Corporations Act 2001 on 9 December 2016.

This compiled version of AASB 1058 applies to annual periods beginning on or after 1 January 2023 but before 1 July 2026.  It incorporates relevant amendments contained in other AASB Standards made by the AASB up to and including 15 December 2022 (see Compilation Details).

Accounting Standard AASB 1058

Income of Not-for-Profit Entities

Objective