Document ID: chunk:federal_register_of_legislation:F2024C00046:body:0:p61
Version: federal_register_of_legislation:F2024C00046
Segment Type: other
Provision Reference: 
Character Range: 157832–160979

(b) below
AASB 1060     6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (c) below
AASB 2022-10  15 Dec 2022  F2023L00010     31 Dec 2023         (beginning) 1 Jan 2024  see (d) below

   (a) Entities may elect to apply this Standard to periods beginning after 24 July 2014 but before 1 January 2018.

   (b) Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied to the same period.

   (c) Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.

   (d) Entities may elect to apply this Standard to annual periods beginning before 1 January 2024.

Table of amendments
Paragraph affected  How affected  By … [paragraph/page]
 6                  amended       AASB 16 [page 44]
 Aus28.1            added         AASB 2022-10 [5]
 Aus29.1-Aus29.2    added         AASB 2022-10 [6]
 Aus93.2            added         AASB 2022-10 [6]
 Aus99.1            repealed      Legislation Act 2003, s. 48D
 C6                 added         AASB 16 [page 44]
 AusC6.1            added         AASB 2022-10 [6]
 Appendix E         replaced      AASB 1060 [page 60]
 Appendix F         added         AASB 2022-10 [7]

Table of amendments to guidance
Paragraph affected                                                          How affected  By … [paragraph/page]
Australian illustrative examples for not-for-profit public sector entities  added         AASB 2022-10 [8]

Deleted IFRS 13 text
Deleted IFRS 13 text is not part of AASB 13.
7 The disclosures required by this IFRS are not required for the following:
(a) …;
(b) retirement benefit plan investments measured at fair value in accordance with IAS 26 Accounting and Reporting by Retirement Benefit Plans; and
(c) …
C4 Annual Improvements Cycle 2011–2013 issued in December 2013 amended paragraph 52. An entity shall apply that amendment for annual periods beginning on or after 1 July 2014. An entity shall apply that amendment prospectively from the beginning of the annual period in which IFRS 13 was initially applied. Earlier application is permitted. If an entity applies that amendment for an earlier period it shall disclose that fact.

Basis for Conclusions on AASB 2015-7
This Basis for Conclusions accompanies, but is not part of, AASB 13. The Basis for Conclusions was originally published with AASB 2015-7 Amendments to Australian Accounting Standards – Fair Value Disclosures of Not-for-Profit Public Sector Entities.

Background
BC1 This Basis for Conclusions summarises the Australian Accounting Standards Board's considerations in reaching the conclusions in the Amending Standard.  Individual Board members gave greater weight to some factors than to others.
BC2 AASB 13 Fair Value Measurement applies to annual reporting periods beginning on or after 1 January 2013.  In 2014, the Board received feedback about AASB 13 from not-for-profit public sector entities following their implementation of the Standard, including feedback about some of the specified disclosures.  These constituents were concerned