Document ID: chunk:federal_register_of_legislation:F2024L01194:body:0:p6
Version: federal_register_of_legislation:F2024L01194
Segment Type: other
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Character Range: 14054–15123

Paragraph 37 is amended.  New text is underlined and deleted text is struck through.

Investments in subsidiaries, associates and joint ventures
37 When accounting for an investment in an associate, a joint venture or a subsidiary accounted for by use of the equity method or at cost method, an investor restricts its reporting in the statement of cash flows to the cash flows between itself and the investee, for example, to dividends and advances.

Paragraph 65 is added.  For ease of reading, this paragraph has not been underlined.

Effective date and transition
 ...
65 AASB 2024-3 Amendments to Australian Accounting Standards – Annual Improvements Volume 11, issued in September 2024, amended paragraph 37.  An entity shall apply that amendment for annual reporting periods beginning on or after 1 January 2026.  Earlier application is permitted.  If an entity applies that amendment for an earlier period, it shall disclose that fact.

Commencement of the legislative instrument
For legal purposes, this legislative instrument commences on 31 December 2025.