Document ID: chunk:federal_register_of_legislation:F2023C00402:reg:97:p1
Version: federal_register_of_legislation:F2023C00402
Segment Type: reg
Provision Reference: reg 97 (pt 1/56)
Character Range: 258523–263254

97                                      amended                 AASB 16 [page 45]
Aus129.1 (preceding heading)            added                   AASB 2015-8 [12]
Aus129.1                                repealed                Legislation Act 2003, s. 48D
B1                                      amended                 AASB 2016-3 [page 7]
B34-B38                                 amended                 AASB 2016-3 [page 7]
AusB34.1                                added                   AASB 2016-8 [7]
B34A                                    added                   AASB 2016-3 [page 7]
B35A-B35B                               added                   AASB 2016-3 [page 7]
B37A                                    added                   AASB 2016-3 [page 8]
B52-B53                                 amended                 AASB 2016-3 [page 8]
B57                                     deleted                 AASB 2016-3 [page 9]
B58                                     amended                 AASB 2016-3 [page 9]
B59A                                    added                   AASB 2016-3 [page 10]
B63A-B63B                               added                   AASB 2016-3 [page 10]
B66                                     amended                 AASB 16 [page 45]
B70                                     amended                 AASB 16 [page 45]
C1                                      added                   AASB 2015-8 [7]
AusC1.1                                 added                   AASB 2016-7 [4]
AusC1.2                                 added                   AASB 2019-6 [6]
C1A                                     added                   AASB 16 [page 46]
C1B                                     added                   AASB 2016-3 [page 11]
C1C                                     added                   AASB 17 [page 75]
C2                                      amended                 AASB 2016-3 [page 11]
AusC2.1                                 added                   AASB 1058 [page 21]
C5                                      amended                 AASB 2016-3 [page 11]
C7                                      amended                 AASB 2016-3 [page 12]
C7A                                     added                   AASB 2016-3 [page 12]
C8A                                     added                   AASB 2016-3 [page 12]
Appendix A.1                            added                   AASB 2018-4 [5]
Appendix E                              added                   AASB 2015-8 [11]
                                        replaced                AASB 1060 [page 60]
AusE1                                   amended                 AASB 2021-7 [24]
Appendix F                              added                   AASB 2016-8 [8]
Appendix G                              added                   AASB 2018-4 [6]

Table of amendments to guidance
Paragraph affected            How affected  By … [paragraph/page]
IE1-IE3                       added         AASB 2016-8 [9]
Examples 4A, 4B               amended       AASB 2019-6 [8]
Example 4D                    added         AASB 2019-6 [9]
IE4                           added         AASB 2016-8 [9]
IE4A (and preceding heading)  added         AASB 2022-3 [4]
Example 7A                    added         AASB 2022-3 [4]
IE5-IE7                       added         AASB 2018-4 [7]

Deleted IFRS 15 text
Deleted IFRS 15 text is not part of AASB 15.
C10 This Standard supersedes the following Standards:
(a) IAS 11 Construction Contracts;
(b) IAS 18 Revenue;
(c) IFRIC 13 Customer Loyalty Programmes;
(d) IFRIC 15 Agreements for the Construction of Real Estate;
(e) IFRIC 18 Transfers of Assets from Customers; and
(f) SIC-31 Revenue—Barter Transactions Involving Advertising Services.

Basis for Conclusions on AASB 2016-8
This Basis for Conclusions accompanies, but is not part of, AASB 15.  The Basis for Conclusions was originally published with AASB 2016-8 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities.

Introduction
     BC1               This Basis for Conclusions summarises the Australian Accounting Standards Board's considerations in reaching the conclusions in this Standard.  It sets out the reasons why the Board developed the Standard, the approach taken to developing the Standard and the key decisions made.  In making decisions, individual Board members gave greater weight to some factors than to others.

The need for change
     BC2               Prior to the issue of AASB 15 Revenue from Contracts with Customers, the recognition and measurement requirements for transactions of not-for-profit entities giving rise to income depended on whether the transaction