Document ID: chunk:federal_register_of_legislation:F2024L00075:reg:1
Version: federal_register_of_legislation:F2024L00075
Segment Type: reg
Provision Reference: reg 1
Character Range: 9002–9989

1                        The objective of this Standard is to specify requirements for the general purpose financial statements of superannuation entities with a view to providing users with information useful for decision making in a superannuation entity context.
          AusCF1 AusCF paragraphs included in this Standard apply only to:
(a) not-for-profit entities; and
(b) for-profit entities that are not applying the Conceptual Framework for Financial Reporting (as identified in AASB 1048 Interpretation of Standards).
          Such entities are referred to as 'AusCF entities'.  For AusCF entities, the term 'reporting entity' is defined in AASB 1057 Application of Australian Accounting Standards and Statement of Accounting Concepts SAC 1 Definition of the Reporting Entity also applies.  For-profit entities applying the Conceptual Framework for Financial Reporting (as set out in paragraph Aus1.1 of the Conceptual Framework) shall not apply AusCF paragraphs.

Application