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Compiled AASB Standard  AASB 9

Financial Instruments

This compiled Standard applies to annual periods beginning on or after 1 January 2023 but before 1 July 2026.  Earlier application is permitted for annual periods beginning after 24 July 2014 but before 1 January 2023.  It incorporates relevant amendments made up to and including 15 December 2022.
Prepared on 6 April 2023 by the staff of the Australian Accounting Standards Board.
Compilation no. 5

Compilation date:  31 December 2022

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COPYRIGHT
© Commonwealth of Australia 2023
This compiled AASB Standard contains IFRS Foundation copyright material.  Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source.  Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to The Managing Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.
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Contents

Comparison with IFRS 9
Accounting Standard
AASB 9 Financial Instruments

from paragraph
Chapter 1 Objective and application 1.1
Commencement
Chapter 2 Scope 2.1
Chapter 3 Recognition and derecognition
    3.1  Initial recognition 3.1.1
Regular way purchase or sale of financial assets 3.1.2
    3.2  Derecognition of financial assets 3.2.1
Transfers that qualify for derecognition 3.2.10
Transfers that do not qualify for derecognition 3.2.15
Continuing involvement in transferred assets 3.2.16
All transfers 3.2.22
    3.3 Derecognition of financial liabilities 3.3.1
Chapter 4 Classification
    4.1  Classification of financial assets 4.1.1
Option to designate a financial asset at fair value through profit or loss 4.1.5
    4.2  Classification of financial liabilities 4.2.1
Option to designate a financial liability at fair value through profit or loss 4.2.2
    4.3  Embedded derivatives 4.3.1
Hybrid contracts with financial asset hosts 4.3.2
Other hybrid contracts 4.3.3
    4.4  Reclassification 4.4.1
Chapter 5 Measurement
    5.1  Initial measurement 5.1.1
    5.2  Subsequent measurement of financial assets 5.2.1
    5.3  Subsequent measurement of financial liabilities 5.3.1
    5.4  Amortised cost measurement
Financial assets 5.4.1
Changes in the basis for determining the contractual cash flows as a result of interest rate
benchmark reform  5.4.5
    5.5  Impairment
Recognition of expected credit losses 5.5.1
Simplified approach