Document ID: chunk:federal_register_of_legislation:F2021C00192:body:0:p1
Version: federal_register_of_legislation:F2021C00192
Segment Type: other
Provision Reference: 
Character Range: 0–3297

Compiled AASB Standard  AASB 139

Financial Instruments: Recognition and Measurement

This compiled Standard applies to annual periods beginning on or after 1 January 2021.  Earlier application is permitted for annual periods beginning after 24 July 2014 but before 1 January 2021. It incorporates relevant amendments made up to and including 17 September 2020.

Prepared on 15 February 2021 by the staff of the Australian Accounting Standards Board.

Compilation no. 2

Compilation date:  31 December 2020

Obtaining copies of Accounting Standards
Compiled versions of Standards, original Standards and amending Standards (see Compilation Details) are available on the AASB website: www.aasb.gov.au.
Australian Accounting Standards Board
PO Box 204
Collins Street West
Victoria   8007
AUSTRALIA
Phone: (03) 9617 7600
E-mail: standard@aasb.gov.au
Website: www.aasb.gov.au

Other enquiries
Phone: (03) 9617 7600
E-mail: standard@aasb.gov.au

COPYRIGHT
© Commonwealth of Australia 2021

This compiled AASB Standard contains IFRS Foundation copyright material.  Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source.  Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to the National Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.

All existing rights in this material are reserved outside Australia.  Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only.  Further information and requests for authorisation to reproduce for commercial purposes outside Australia should be addressed to the IFRS Foundation at www.ifrs.org.

Contents

COMPARISON WITH IAS 39
ACCOUNTING STANDARD
AASB 139 FINANCIAL INSTRUMENTS: RECOGNITION AND MEASUREMENT

from paragraph
Scope AusCF1
Definitions 8
Hedging 71
Hedging instruments
Qualifying instruments 72
Designation of hedging instruments 74
Hedged items
Qualifying items 78
Designation of financial items as hedged items 81
Designation of non-financial items as hedged items 82
Designation of groups of items as hedged items 83
Hedge accounting 85
Fair value hedges 89
Cash flow hedges 95
Hedges of a net investment 102
Temporary exceptions from applying specific hedge accounting requirements 102A
Additional temporary exceptions arising from interest rate benchmark reform 102P
Effective date and transition 103
Withdrawal of other pronouncements
Commencement of the legislative instrument
Withdrawal of AASB pronouncements Aus110.2
Appendix
A  Application guidance
Illustrative Example
Compilation Details
Deleted IAS 39 text

Available on the AASB website
Implementation guidance on IAS 39
Basis for Conclusions on IAS 39

Australian Accounting Standard AASB 139 Financial Instruments: Recognition and Measurement (as amended) is set out in paragraphs AusCF1 – Aus110.2 and Appendix A.  All the paragraphs have equal authority.  Paragraphs in bold type state the main principles.  AASB 139 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of