Document ID: chunk:federal_register_of_legislation:F2023C00190:front:0:p2
Version: federal_register_of_legislation:F2023C00190
Segment Type: other
Provision Reference: 
Character Range: 3041–4292

108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.

Comparison with IFRS Standards

AASB 1054 Australian Additional Disclosures includes disclosure requirements and definitions which are additional to International Financial Reporting Standards issued by the International Accounting Standards Board (IASB).

Compliance with AASB 1054 is not needed for IFRS compliance, with the exception of paragraph 17.

Accounting Standard AASB 1054

The Australian Accounting Standards Board made Accounting Standard AASB 1054 Australian Additional Disclosures under section 334 of the Corporations Act 2001 on 11 May 2011.

This compiled version of AASB 1054 applies to annual periods beginning on or after 1 January 2023.  It incorporates relevant amendments contained in other AASB Standards made by the AASB up to and including 15 December 2022 (see Compilation Details).

Accounting Standard AASB 1054
Australian Additional Disclosures

Objective
    1                     The objective of this Standard is to set out Australian-specific disclosure requirements that are in addition to disclosure requirements in International Financial Reporting Standards.

Application