Document ID: chunk:federal_register_of_legislation:F2023C00425:body:0:p37
Version: federal_register_of_legislation:F2023C00425
Segment Type: other
Provision Reference: 
Character Range: 93444–96534

January 2018 (instead of 1 January 2017) as a result of amendments made by AASB 2015-8 Amendments to Australian Accounting Standards – Effective Date of AASB 15.  Entities may elect to apply this Standard to periods beginning on or after 1 January 2014 but before 1 January 2018.
   (b)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2017, provided that AASB 15 Revenue from Contracts with Customers is also applied.
   (c)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 is also applied to the same period.
   (d)           AASB 2016-7 deferred the effective date of AASB 15 (and its consequential amendments in AASB 2014-5) for not-for-profit entities to annual reporting periods beginning on or after 1 January 2019, instead of 1 January 2018.  However, earlier application of AASB 138 (2015) incorporating the text that relates to AASB 15 is permitted, provided that AASB 15 is also applied.
   (e)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.
   (f)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2023, provided that AASB 9 Financial Instruments is also applied on or before the date of initial application of AASB 17. (AASB 17 was amended prior to its mandatory application by various amending Standards, including AASB 2022-8 Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments, made by the AASB on 15 December 2022.)
   (g)           Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.
   (h)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2023.

Table of amendments
Paragraph affected  How affected  By … [paragraph/page]
 3                  amended       AASB 16 [page 54]
                    amended       AASB 17 [page 83]
 Aus3.1             added         AASB 1059 [page 26]
 Aus3.2             added         AASB 2022-8 [page 13]
 6                  amended       AASB 16 [page 54]
 8                  amended       AASB 2019-1 [page 23]
 Aus24.1            amended       AASB 1058 [page 24]
 44 (footnote)      amended       AASB 1058 [page 24]
 113                amended       AASB 16 [page 54]
 114                amended       AASB 16 [page 55]
 Aus130.1           amended       AASB 2015-8 [13]
 130L               added         AASB 16 [page 55]
 130M               added         AASB 17 [page 83]
 Aus133.1           repealed      Legislation Act 2003, s. 48D
 Appendix A         replaced      AASB 1060 [page 65]

Deleted IAS 38 text
Deleted IAS 38 text is not part of AASB 138.
130 An entity shall apply this Standard:
(a) to the accounting for intangible assets acquired in business combinations for which the agreement date is on or after 31 March 2004; and
(b) to the accounting for all other intangible assets prospectively from the beginning of the first annual period beginning on or after 31