Document ID: chunk:federal_register_of_legislation:F2023L00015:reg:20
Version: federal_register_of_legislation:F2023L00015
Segment Type: reg
Provision Reference: reg 20
Character Range: 32067–32600

20                    Paragraph 6A in AASB 1057 is amended.

      Application of Australian Accounting Standards

          …

          6A AASB 17 Insurance Contracts applies as set out in paragraph 5, except when the entity is:

               (a)     a superannuation entity applying AASB 1056.; or

               (b)     a public sector entity.

          However, a public sector entity may elect to apply AASB 17 instead of both AASB 4 and AASB 1023 General Insurance Contracts.

Commencement of the legislative instrument