Document ID: chunk:federal_register_of_legislation:F2023C00399:body:0:p189
Version: federal_register_of_legislation:F2023C00399
Segment Type: other
Provision Reference: 
Character Range: 513655–517553

to annual periods beginning on or after 1 January 2023 but before 1 July 2026.

   (a)           Entities may elect to apply this Standard to periods beginning after 24 July 2014 but before 1 January 2018.

   (b)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied to the same period.

   (c)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 1058 Income of Not-for-Profit Entities is also applied to the same period.

   (d)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2023, provided that AASB 9 Financial Instruments is also applied on or before the date of initial application of AASB 17. (AASB 17 was amended prior to its mandatory application by various amending Standards, including AASB 2022-8 Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments, made by the AASB on 15 December 2022.)

   (e)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019.

   (f)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.

   (g)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2022.

   (h)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2021.

   (i)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2023.

Table of amendments
Paragraph affected            How affected          By … [paragraph/page]
 AusCF1                       added                 AASB 2019-1 [page 11]
 Aus1.1                       deleted               AASB 2019-1 [page 11]
 Aus1.6                       repealed              Legislation Act 2003, s. 48D
 2.1                          amended               AASB 16 [page 43]
                              amended               AASB 17 [page 73]
 Aus2.1.1                     added                 AASB 2016-8 [4]
 Aus2.1.2                     added                 AASB 2022-8 [page 9]
 3.3.5                        added                 AASB 17 [page 74]
 5.4.5-5.4.9 (and heading)    added                 AASB 2020-8 [page 7]
 5.5.15                       amended               AASB 16 [page 43]
 6.8.1-6.8.12 (and headings)  added                 AASB 2019-3 [page 5]
 6.8.13                       added                 AASB 2020-8 [page 8]
 6.9.1-6.9.13 (and headings)  added                 AASB 2020-8 [page 8]
 7.1.5                        added                 AASB 16 [page 43]
 7.1.6                        added                 AASB 17 [page 74]
 7.1.7                        added                 AASB 2017-6 [page 5]
 7.1.8                        added                 AASB 2019-3 [page 7]
 7.1.9                        added                 AASB 2020-3 [page 9]
 7.1.9                        added                 AASB 2020-8 [page 10]
                              renumbered as 7.1.10  AASB 2021-7 [22]
 7.2.26                       amended               AASB 2019-3 [page 7]
 7.2.29-7.2.34 (and heading)  added                 AASB 2017-6 [page 6]
 7.2.35 (and heading)         added                 AASB 2020-3 [page 9]
 7.2.36-7.2.42 (and heading)  added                 AASB 17 [page 75]
 7.2.43-7.2.46 (and heading)  added                 AASB 2020-8 [page 10]
 B2.1                         amended               AASB 17 [page 75]
 AusB2.1.1                    added                 AASB 2022-8 [page 9]
 B2.4                         amended               AASB 17 [page 76]
 AusB2.4.1                    added                 AASB 2022-8 [page 9]
 B2.5                         amended               AASB 17 [page