Document ID: chunk:federal_register_of_legislation:F2023C00930:reg:5:p58
Version: federal_register_of_legislation:F2023C00930
Segment Type: reg
Provision Reference: reg 5 (pt 58/61)
Character Range: 192717–196322

costs                                          5              —                                               (5)                          (1)
–                the amount of the initial measurement of the lease liability  435            —                                               (435)                        (87)
Lease liability  435                                                                —            435                                                 87

Applying paragraph 22(b) of AASB 112, Lessee recognises deferred tax assets and liabilities as illustrated in this example and recognises the resulting deferred tax income or expense in profit or loss.

Compilation details
Accounting Standard AASB 112 Income Taxes (as amended)
Compilation details are not part of AASB 112.
This compiled Standard applies to annual periods beginning on or after 1 January 2023 that end on or after 30 September 2023.  It takes into account amendments up to and including 14 September 2023 and was prepared on 23 October 2023 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 112 (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 112     7 Aug 2015   F2015L01601     31 Dec 2017         (beginning) 1 Jan 2018                                   see (a) below
AASB 16      23 Feb 2016  F2016L00233     31 Dec 2018         (beginning) 1 Jan 2019                                   see (b) below
AASB 2016-1  24 Feb 2016  F2016L00231     31 Dec 2016         (beginning) 1 Jan 2017                                   see (c) below
AASB 1058    9 Dec 2016   F2017L00042     31 Dec 2018         (beginning) 1 Jan 2019                                   see (b) below
AASB 2016-7  9 Dec 2016   F2017L00043     31 Dec 2016         (beginning) 1 Jan 2017                                   see (d) below
AASB 2018-1  14 Feb 2018  F2018L00157     31 Dec 2018         (beginning) 1 Jan 2019                                   see (e) below
AASB 2019-1  21 May 2019  F2019L00966     31 Dec 2019         (beginning) 1 Jan 2020                                   see (f) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021                                   see (g) below
AASB 2021-5  22 Jun 2021  F2021L00963     31 Dec 2022         (beginning) 1 Jan 2023                                   see (h) below
AASB 2023-2  22 Jun 2023  F2023L00949     29 Jun 2023         (beginning) 1 Jan 2023 that end on or after 30 Jun 2023  see (i) below
AASB 2023-4  14 Sep 2023  F2023L01301     29 Sep 2023         (beginning) 1 Jan 2023 that end on or after 30 Sep 2023  see (j) below

   (a)           Entities may elect to apply this Standard to periods beginning after 24 July 2014 but before 1 January 2018.

   (b)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied to the same period.

   (c)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2017.

   (d)           AASB 2016-7 deferred the