Document ID: chunk:federal_register_of_legislation:F2023C00419:body:0:p20
Version: federal_register_of_legislation:F2023C00419
Segment Type: other
Provision Reference: 
Character Range: 49400–52273

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to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.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of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]

Effective date
95 This Standard becomes operative for annual financial statements covering periods beginning on or after 1 January 2018. Earlier application is encouraged for periods beginning after 24 July 2014 but before 1 January 2018. If an entity applies this Standard for periods beginning before 1 January 2018, it shall disclose that fact.
96 [Deleted]
97 [Deleted]
98 [Deleted]
99 AASB 2014-1 Amendments to Australian Accounting Standards, issued in June 2014, amended paragraph 5 in the previous version of this Standard as a consequential amendment derived from the amendment to AASB 3. An entity shall apply that amendment prospectively to business combinations to which the amendment to AASB 3 applies.
100 AASB 2014-5 Amendments to Australian Accounting Standards arising from AASB 15, issued in December 2014, amended the previous version of this Standard as follows: amended paragraph 5 and deleted paragraph 6. An entity shall apply those amendments when it applies AASB 15.
101 AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010) (as amended) amended paragraph 2 in the previous version of this Standard. Paragraph 97, added by AASB 2010-7, was deleted by AASB 2014-1 Amendments to Australian Accounting Standards. Paragraph 98, added by AASB 2014-1, was deleted by AASB 2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014). An entity shall apply those amendments when it applies AASB 9.
102 AASB 16, issued in February 2016, amended paragraph 5. An entity shall apply that amendment when it applies AASB 16.
103 AASB 17, issued in July 2017, amended paragraph 5. An entity shall apply that amendment when it applies AASB 17.

     104 AASB 2018-7 Amendments to Australian Accounting Standards – Definition of Material, issued in December 2018, amended paragraph 75. An entity shall apply those amendments prospectively for annual periods beginning on or after 1 January 2020. Earlier application is permitted. If an entity applies those amendments for an earlier period, it shall disclose that fact. An entity shall apply those amendments when it applies the amendments to the definition of material in paragraph 7 of AASB 101 and paragraphs 5 and 6 of AASB 108.

     105 AASB 2020-3 Amendments to Australian Accounting Standards – Annual Improvements 2018–2020 and Other Amendments, issued