Document ID: chunk:federal_register_of_legislation:F2025C00173:body:0:p18
Version: federal_register_of_legislation:F2025C00173
Segment Type: other
Provision Reference: 
Character Range: 44534–47597

prior periods only if it is possible without the use of hindsight.
45K If an entity does not restate prior periods applying paragraph 45I or paragraph 45J, at the date of initial application of the amendments it shall recognise in the opening retained earnings (or other component of equity, as appropriate) any difference between:
          (a) the previous carrying amount of long-term interests described in paragraph 14A at that date; and
          (b) the carrying amount of those long-term interests at that date.

References to AASB 9
46 If an entity applies this Standard but does not yet apply AASB 9, any reference to AASB 9 shall be read as a reference to AASB 139.

Withdrawal of IAS 28 (2003)
47 [Deleted by the AASB]

Commencement of the legislative instrument
Aus47.1 [Repealed]

Withdrawal of AASB pronouncements
Aus47.2 This Standard repeals AASB 128 Investments in Associates and Joint Ventures issued in August 2011. Despite the repeal, after the time this Standard starts to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.
[Note: When this Standard applies under section 334 of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]

Compilation details
Accounting Standard AASB 128 Investments in Associates and Joint Ventures (as amended)
Compilation details are not part of AASB 128.
This compiled Standard applies to annual periods beginning on or after 1 January 2025.  It takes into account amendments up to and including 7 November 2024 was prepared on 25 February 2025 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 128 (August 2015) 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 128      7 Aug 2015   F2015L01543     31 Dec 2017         (beginning) 1 Jan 2018      see (a) below
AASB 2015-10  22 Dec 2015  F2016L00035     31 Dec 2015         (beginning) 1 Jan 2016      see (b) below
AASB 1058     9 Dec 2016   F2017L00042     31 Dec 2018         (beginning) 1 Jan 2019      see (c) below
AASB 2017-1   13 Feb 2017  F2017L00193     31 Dec 2017         FP (beginning) 1 Jan 2018   see (d) below
                                                               NFP (beginning) 1 Jan 2019
AASB 17       19 Jul 2017  F2017L01184     31 Dec 2022         (beginning) 1 Jan 2023      see (e) below
AASB 2017-5   12 Dec 2017  F2018L00067     31 Dec 2017         (beginning) 1 Jan 2018