Document ID: chunk:federal_register_of_legislation:F2025C00208:body:0:p23
Version: federal_register_of_legislation:F2025C00208
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and terms of any contractual arrangements that could require the entity to provide financial support to the foreign operation, including events or circumstances that could expose the entity to a loss.

Appendix B
Australian simplified disclosures for Tier 2 entities
This appendix is an integral part of the Standard.
AusB1 Paragraphs 51–57B do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities.

Compilation details
Accounting Standard AASB 121 The Effects of Changes in Foreign Exchange Rates (as amended)
Compilation details are not part of AASB 121.
This compiled Standard applies to annual periods beginning on or after 1 January 2025 but before 1 January 2027.  It takes into account amendments up to and including 9 October 2023 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 121 (August 2015) 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 121     7 Aug 2015   F2015L01580     31 Dec 2017         (beginning) 1 Jan 2018                                see (a) below
AASB 16      23 Feb 2016  F2016L00233     31 Dec 2018         (beginning) 1 Jan 2019                                see (b) below
AASB 2019-1  21 May 2019  F2019L00966     31 Dec 2019         (beginning) 1 Jan 2020                                see (c) below
AASB 1060    6 Mar 2020   F2020L00288     30 Jun 2021         (beginning) 1 Jul 2021                                see (d) below
AASB 2023-5  9 Oct 2023   F2023L01377     31 Dec 2024         (beginning) 1 Jan 2025                                see (e) below
AASB 18      7 Jun 2024   F2024L00708     31 Dec 2026         FP (beginning) 1 Jan 2027                             not compiled*
                                                              NFP & superannuation entities (beginning) 1 Jan 2028

* The amendments made by this Standard are not included in this compilation, which presents the principal Standard as applicable to annual periods beginning on or after 1 January 2025 but before 1 January 2027.
    1.            Entities may elect to apply this Standard to periods beginning after 24 July 2014 but before 1 January 2018.
    2.            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.
    3.            Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.
    4.            Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.
    5.            Entities may elect to apply this Standard to annual periods beginning before 1 January 2025.