Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p73
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 196521–199466

61)
B64 To meet the objective in paragraph 59, the acquirer shall disclose the following information for each business combination that occurs during the reporting period:
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(q) the following information:
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 If disclosure of any of the information required by this subparagraph is impracticable, the acquirer shall disclose that fact and explain why the disclosure is impracticable. This Standard uses the term 'impracticable' with the same meaning as in AASB 108 Basis of Preparation of Financial StatementsAccounting Policies, Changes in Accounting Estimates and Errors.

AASB 4 Insurance Contracts (August 2015)
Paragraphs 13, 34 and 35J are amended. New text is underlined and deleted text is struck through. These amendments apply only if an entity applies AASB 18 early – to a period for which AASB 4 is applicable to the entity. AASB 4 is fully superseded by AASB 17 for periods beginning on or after 1 July 2026.

Recognition and measurement

Temporary exemption from some other Australian Accounting Standards
13 Paragraphs 10–12 of AASB 108 Basis of Preparation of Financial Statements Accounting Policies, Changes in Accounting Estimates and Errors specify criteria for an entity to use in developing an accounting policy if no Standard applies specifically to an item. However, this Standard exempts an insurer from applying those criteria to its accounting policies for:
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Discretionary participation features

Discretionary participation features in insurance contracts
34 Some insurance contracts contain a discretionary participation feature as well as a guaranteed element. The issuer of such a contract:
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          (c)  may recognise all premiums received as revenue without separating any portion that relates to the equity component. The resulting changes in the guaranteed element and in the portion of the discretionary participation feature classified as a liability shall be recognised in profit or loss. If part or all of the discretionary participation feature is classified in equity, a portion of profit or loss may be attributable to that feature (in the same way that a portion may be attributable to noncontrolling interests). The issuer shall recognise the portion of profit or loss attributable to any equity component of a discretionary participation feature as an allocation of profit or loss, not as expense or income (see AASB 101 Presentation of Financial StatementsAASB 18 Presentation and Disclosure in Financial Statements).
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Presentation

The overlay approach
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35J When an entity de-designates a financial asset applying paragraph 35I(a), it shall reclassify from accumulated other comprehensive income to profit or loss as a reclassification adjustment (see AASB 101AASB 18) any balance relating to that financial asset.
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AASB 5 Non‑current Assets Held for Sale and Discontinued Operations (August 2015)
Paragraphs 2, 3, 5A, 5B, 13, 17, 26A, 28, 33–36A, 38, 39 and 41, and the headings