Document ID: chunk:federal_register_of_legislation:F2023C00381:reg:6
Version: federal_register_of_legislation:F2023C00381
Segment Type: reg
Provision Reference: reg 6
Character Range: 7173–7689

6                        AASB 8 Operating Segments and AASB 120 Accounting for Government Grants and Disclosure of Government Assistance apply as set out in paragraph 5, provided the entity is a for-profit entity.
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.