Document ID: chunk:federal_register_of_legislation:F2021C00954:body:0:p11
Version: federal_register_of_legislation:F2021C00954
Segment Type: other
Provision Reference: 
Character Range: 26980–29933

the entity shall disclose:
(a) how it has determined which structured entities it has sponsored;
(b) income from those structured entities during the reporting period, including a description of the types of income presented; and
(c) the carrying amount (at the time of transfer) of all assets transferred to those structured entities during the reporting period.
28 An entity shall present the information in paragraph 27(b) and (c) in tabular format, unless another format is more appropriate, and classify its sponsoring activities into relevant categories (see paragraphs B2–B6).

Nature of risks
29 An entity shall disclose in tabular format, unless another format is more appropriate, a summary of:
(a) the carrying amounts of the assets and liabilities recognised in its financial statements relating to its interests in unconsolidated structured entities.
(b) the line items in the statement of financial position in which those assets and liabilities are recognised.
(c) the amount that best represents the entity's maximum exposure to loss from its interests in unconsolidated structured entities, including how the maximum exposure to loss is determined. If an entity cannot quantify its maximum exposure to loss from its interests in unconsolidated structured entities it shall disclose that fact and the reasons.
(d) a comparison of the carrying amounts of the assets and liabilities of the entity that relate to its interests in unconsolidated structured entities and the entity's maximum exposure to loss from those entities.
30 If during the reporting period an entity has, without having a contractual obligation to do so, provided financial or other support to an unconsolidated structured entity in which it previously had or currently has an interest (for example, purchasing assets of or instruments issued by the structured entity), the entity shall disclose:
(a) the type and amount of support provided, including situations in which the entity assisted the structured entity in obtaining financial support; and
(b) the reasons for providing the support.
31 An entity shall disclose any current intentions to provide financial or other support to an unconsolidated structured entity, including intentions to assist the structured entity in obtaining financial support.

Commencement of the legislative instrument
Aus31.1 [Repealed]

Withdrawal of AASB pronouncements
Aus31.2 This Standard repeals AASB 12 Disclosure of Interests in Other Entities 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