Document ID: chunk:federal_register_of_legislation:F2024C00047:front:0:p14
Version: federal_register_of_legislation:F2024C00047
Segment Type: other
Provision Reference: 
Character Range: 35081–37973

of the hedging instrument.
23C In situations in which an entity frequently resets (ie discontinues and restarts) hedging relationships because both the hedging instrument and the hedged item frequently change (ie the entity uses a dynamic process in which both the exposure and the hedging instruments used to manage that exposure do not remain the same for long—such as in the example in paragraph B6.5.24(b) of AASB 9) the entity:
(a) is exempt from providing the disclosures required by paragraphs 23A and 23B.
(b) shall disclose:
(i) information about what the ultimate risk management strategy is in relation to those hedging relationships;
(ii) a description of how it reflects its risk management strategy by using hedge accounting and designating those particular hedging relationships; and
(iii) an indication of how frequently the hedging relationships are discontinued and restarted as part of the entity's process in relation to those hedging relationships.
23D An entity shall disclose by risk category a description of the sources of hedge ineffectiveness that are expected to affect the hedging relationship during its term.
23E If other sources of hedge ineffectiveness emerge in a hedging relationship, an entity shall disclose those sources by risk category and explain the resulting hedge ineffectiveness.
23F For cash flow hedges, an entity shall disclose a description of any forecast transaction for which hedge accounting had been used in the previous period, but which is no longer expected to occur.

The effects of hedge accounting on financial position and performance
24 [Deleted]
24A An entity shall disclose, in a tabular format, the following amounts related to items designated as hedging instruments separately by risk category for each type of hedge (fair value hedge, cash flow hedge or hedge of a net investment in a foreign operation):
(a) the carrying amount of the hedging instruments (financial assets separately from financial liabilities);
(b) the line item in the statement of financial position that includes the hedging instrument;
(c) the change in fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness for the period; and
(d) the nominal amounts (including quantities such as tonnes or cubic metres) of the hedging instruments.
24B An entity shall disclose, in a tabular format, the following amounts related to hedged items separately by risk category for the types of hedges as follows:
(a) for fair value hedges:
(i) the carrying amount of the hedged item recognised in the statement of financial position (presenting assets separately from liabilities);
(ii) the accumulated amount of fair value hedge adjustments on the hedged item included in the carrying amount of the hedged item recognised in the statement of financial position (presenting assets separately from liabilities);
(iii) the line item