Document ID: chunk:federal_register_of_legislation:F2023L01377:body:0:p10
Version: federal_register_of_legislation:F2023L01377
Segment Type: other
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Character Range: 24404–26355

of assets and liabilities exposed to each type of risk.
A20 When a foreign operation's functional currency is not exchangeable into the presentation currency or, if applicable, the presentation currency is not exchangeable into a foreign operation's functional currency, an entity shall also disclose:
(a) the name of the foreign operation; whether the foreign operation is a subsidiary, joint operation, joint venture, associate or branch; and its principal place of business;
(b) summarised financial information about the foreign operation; and
(c) the nature and terms of any contractual arrangements that could require the entity to provide financial support to the foreign operation, including events or circumstances that could expose the entity to a loss.

Appendix A B
Australian simplified disclosures for Tier 2 entities
This appendix is an integral part of the Standard.
AusAB1  Paragraphs 51–57B do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities.

Amendments to AASB 1060
The table in paragraph IG1 in the implementation guidance accompanying AASB 1060 is amended. New text is underlined.

Implementation guidance

          …

AASB Standard                                              Paragraphs superseded by this Standard   Paragraphs that have not been superseded by this Standard and represent presentation requirements or associated guidance
…                                                          …                                        …
AASB 121 The Effects of Changes in Foreign Exchange Rates  Paragraphs 51–57B                        none
…                                                          …                                        …

Commencement of the legislative instrument
For legal purposes, this legislative instrument commences on 31 December 2024.