Document ID: chunk:federal_register_of_legislation:F2025C00209:reg:221:p13
Version: federal_register_of_legislation:F2025C00209
Segment Type: reg
Provision Reference: reg 221 (pt 13/73)
Character Range: 196572–200526

that is applying AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities as well as specific presentation paragraphs or associated guidance paragraphs that still apply to the entity.

AASB Interpretations                                                                                                   Paragraphs superseded by this Standard  Paragraphs that have not been superseded by this Standard and represent presentation requirements or guidance
Interpretation 2 Members' Shares in Co-operative Entities and Similar Instruments                                      Paragraph 13                            none
Interpretation 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds  Paragraphs 11–13                        none
Interpretation 17 Distributions of Non-cash Assets to Owners                                                           Paragraphs 16–17                        Paragraph 15
Interpretation 23 Uncertainty over Income Tax Treatments                                                               Paragraphs A4 and A5                    none
Interpretation 129 Service Concession Arrangements: Disclosures                                                        Paragraphs 6–7                          none
Interpretation 1052 Tax Consolidation Accounting                                                                       Paragraphs 16, 59 and 60                none

Compilation details
Accounting Standard AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities (as amended)
Compilation details are not part of AASB 1060
This compiled Standard applies to annual periods beginning on or after 1 January 2025.  It takes into account amendments up to and including 7 March 2024 and was prepared on 5 March 2025 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 1060 (March 2020) 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 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021                                   see (a) below
AASB 2020-7  10 Aug 2020  F2020L01050     30 Jun 2021         (beginning) 1 Jul 2021                                   see (b) below
AASB 2020-9  7 Dec 2020   F2020L01646     30 Jun 2021         (beginning) 1 Jul 2021                                   see (a) below
AASB 2021-1  29 Mar 2021  F2021L00469     30 Jun 2021         (beginning) 1 Jul 2021                                   see (c) below
AASB 2021-6  8 Dec 2021   F2021L01793     31 Dec 2022         (beginning) 1 Jan 2023                                   see (d) below
AASB 2021-7  20 Dec 2021  F2021L01883     31 Dec 2021         (beginning) 1 Jan 2022                                   see (e) below
AASB 2023-3  22 Jun 2023  F2023L00951     31 Dec 2023         (beginning) 1 Jan 2024                                   see (f) below
AASB 2023-4  14 Sep 2023  F2023L01301     29 Sep 2023         (beginning) 1 Jan 2023 that end on or after 30 Sep 2023  see (g) below
AASB 2023-5  9 Oct 2023   F2023L01377     31 Dec 2024         (beginning) 1 Jan 2025                                   see (h) below
AASB 2024-1  7 Mar 2024   F2024L00378     29 Jun 2024         (beginning) 1 Jan 2024 that end on or after 30 Jun 2024  see (i) below

   (a) Entities may elect to apply this Standard to annual periods beginning