Document ID: chunk:federal_register_of_legislation:F2022C01110:reg:1:p10
Version: federal_register_of_legislation:F2022C01110
Segment Type: reg
Provision Reference: reg 1 (pt 10/11)
Character Range: 33030–35935

Accounting Standards as such.

Compilation details
Accounting Standard AASB 1053 Application of Tiers of Australian Accounting Standards (as amended)
Compilation details are not part of AASB 1053.

This compiled Standard applies to annual reporting periods beginning on or after 1 July 2021 that end on or after 30 June 2022.  It takes into account amendments up to and including 2 May 2022 and was prepared on 15 September 2022 by the staff of the Australian Accounting Standards Board (AASB).

This compilation is not a separate Accounting Standard made by the AASB.  Instead, it is a representation of AASB 1053 (June 2010) as amended by other Accounting Standards, which are listed in the table below.

Table of Standards
Standard     Date made    FRL identifier  Commence-ment date  Effective date          Application, saving or transitional provisions
                                                              (annual periods
                                                              … on or after …)

AASB 1053    30 Jun 2010  F2010L02136     28 Jul 2010         (beginning) 1 Jul 2013  see (a) below
AASB 2014-2  23 Jun 2014  F2014L00937     23 Jun 2014         (beginning) 1 Jul 2014  see (b) below
AASB 2014-5  12 Dec 2014  F2015L00107     12 Dec 2014         (beginning) 1 Jan 2017  see (c) below
AASB 2015-3  28 Jan 2015  F2015L00134     28 Jan 2015         (beginning) 1 Jul 2015  see (d) below
AASB 2015-8  22 Oct 2015  F2015L01840     31 Dec 2016         (beginning) 1 Jan 2017  see (e) below
AASB 2016-7  9 Dec 2016   F2017L00043     31 Dec 2016         (beginning) 1 Jan 2017  see (f) below
AASB 2019-1  21 May 2019  F2019L00966     31 Dec 2019         (beginning) 1 Jan 2020  see (g) below
AASB 2020-2  6 Mar 2020   F2020L00271     30 Jun 2021         (beginning) 1 Jul 2021  see (h) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (h) below
AASB 2021-1  29 Mar 2021  F2021L00469     30 Jun 2021         (beginning) 1 Jul 2021  see (i) below
AASB 2022-2  2 May 2022   F2022L00704     29 Jun 2022         (ending) 30 Jun 2022    see (j) below

   (a) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2013.
   (b) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2014.
   (c) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2018, provided that AASB 15 Revenue from Contracts with Customers is also applied to such periods.  AASB 2015-8 updated the application date of the amendments in this Standard (and of AASB 15) to 1 January 2018.
   (d) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2014 but before 1 July 2015.
   (e) The amendments made by