Document ID: chunk:federal_register_of_legislation:F2021C00954:body:0:p21
Version: federal_register_of_legislation:F2021C00954
Segment Type: other
Provision Reference: 
Character Range: 54321–57426

a government provides funding to another entity does not make that entity a structured entity.
IG9 Not-for-profit private sector entities will also need to identify any structured entities with which they are associated.  For example, a not-for-profit private sector entity may have established or sponsored a community service organisation whose relevant activities are directed by means of contractual arrangements.  Those arrangements might require the not-for-profit private sector entity to provide financial support in specified circumstances to the community service organisation, or alternatively the entity might choose to provide financial or other support to the organisation without the contractual obligation to do so (eg due to the economic dependency of the organisation upon the entity).  The AASB 12 disclosure requirements would be relevant in both circumstances as the community service organisation is a structured entity.  Paragraph 31, for example, would require the not-for-profit private sector entity to disclose any current intentions to provide support to an unconsolidated structured entity.

Appendix F
Australian simplified disclosures for Tier 2 entities
This appendix is an integral part of the Standard.
AusF1 This Standard does not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities.

Compilation details
Accounting Standard AASB 12 Disclosure of Interests in Other Entities (as amended)
Compilation details are not part of AASB 12.
This compiled Standard applies to annual periods beginning on or after 1 July 2021. It takes into account amendments up to and including 6 March 2020 and was prepared on 21 July 2021 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 12 (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 12      7 Aug 2015   F2015L01536     31 Dec 2015         (beginning) 1 Jan 2016  see (a) below
AASB 2017-2  13 Feb 2017  F2017L00194     13 Feb 2017         (beginning) 1 Jan 2017  see (b) below
AASB 2019-1  21 May 2019  F2019L00966     31 Dec 2019         (beginning) 1 Jan 2020  see (c) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021  see (d) below

(a) Entities may elect to apply this Standard to annual periods beginning on or after 1 January 2014 but before 1 January 2016.
(b) Entities are not permitted to apply this Standard early.
(c) Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.
(d) Entities may elect to apply