Document ID: chunk:federal_register_of_legislation:F2025C00209:reg:221:p73
Version: federal_register_of_legislation:F2025C00209
Segment Type: reg
Provision Reference: reg 221 (pt 73/73)
Character Range: 365868–368348

SMEs Standard – Part B.
[54] See AASB Discussion Paper: Improving Financial Reporting for Australian Charities
[55] See AASB Discussion Paper: Improving Financial Reporting for Australian Public Sector
[56] 2015 Amendments to the IFRS for SMEs, paragraph BC210-BC212
[57] ED 192 – Appendix C Analysis of Disclosure Requirements: Proposed Disclosures under RDR: AASB 116 Property, Plant and Equipment and IFRS for SMEs Section 17 Property, Plant and Equipment
[58] Coulton, J., C. Ruddock and S. Taylor, 2014, The Informativeness of Dividends and Associated Tax Credits, Journal of Business Finance and Accounting, Vol. 41, pp. 1309-1336
[59] IASB Request for Information Comprehensive Review of the IFRS for SMEs Standard – N1
[60]  AASB 1053 Application of Tiers of Australian Accounting Standards outlines that Australian Accounting Standards consist of two tiers of reporting requirements for preparing general purpose financial statements:
    (a) Tier 1: Australian Accounting Standards; and
    (b) Tier 2: Australian Accounting Standards – Simplified Disclosures (for annual periods beginning on or after 1 July 2021).
[61]  For example, AASB 1060 paragraphs 123, 125, 129, 160, 163 and 221 require disclosure of accounting policy information for specific transactions and balances.
[62]  AASB 1060 paragraph BC55.
[63]  AASB 1053 Application of Tiers of Australian Accounting Standards outlines that Australian Accounting Standards consist of two tiers of reporting requirements for preparing general purpose financial statements:
    (a) Tier 1: Australian Accounting Standards; and
    (b) Tier 2: Australian Accounting Standards – Simplified Disclosures.
[64]  AASB 1060 paragraph BC55.
[65]  AASB 1060 paragraph BC41.
[66]  AASB 1053 Application of Tiers of Australian Accounting Standards outlines that Australian Accounting Standards consist of two tiers of reporting requirements for preparing general purpose financial statements:
    (a) Tier 1: Australian Accounting Standards; and
    (b) Tier 2: Australian Accounting Standards – Simplified Disclosures.
[67]  'Pillar Two legislation' refers to tax law enacted or substantively enacted to implement the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD), including tax law that implements qualified domestic minimum top-up taxes described in those rules. Income taxes arising from Pillar Two legislation are hereafter referred to as 'Pillar Two income taxes'.