Document ID: chunk:federal_register_of_legislation:F2025C00207:front:0:p36
Version: federal_register_of_legislation:F2025C00207
Segment Type: other
Provision Reference: 
Character Range: 98730–102207

performance.
E3–
E7 [Deleted]

Uncertainty over income tax treatments
E8 A first-time adopter whose date of transition to Australian Accounting Standards is before 1 July 2017 may elect not to reflect the application of AASB Interpretation 23 Uncertainty over Income Tax Treatments, as identified in AASB 1048 Interpretation of Standards, in comparative information in its first Australian-Accounting-Standards financial statements. An entity that makes that election shall recognise the cumulative effect of applying Interpretation 23 as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at the beginning of its first Australian-Accounting-Standards reporting period.

Appendix F
Australian simplified disclosures for Tier 2 entities

This appendix is an integral part of the Standard.

AusF1 The following 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:

             (a) paragraphs Aus3.2 and 20–33; and

             (b) in paragraph 6, the text 'and present'.

Compilation details
Accounting Standard AASB 1 First-time Adoption of Australian Accounting Standards (as amended)
Compilation details are not part of AASB 1.
This compiled Standard applies to annual periods beginning on or after 1 January 2025 but before 1 January 2026.  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 1 (July 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 1       24 Jul 2015  F2015L01628     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 1058    9 Dec 2016   F2017L00042     31 Dec 2018         (beginning) 1 Jan 2019                                see (c) below
AASB 2016-7  9 Dec 2016   F2017L00043     31 Dec 2016         (beginning) 1 Jan 2017                                see (d) below
AASB 2017-1  13 Feb 2017  F2017L00193     31 Dec 2017         FP (beginning) 1 Jan 2018                             see (e) below
                                                              NFP (beginning) 1 Jan 2019
AASB 17      19 Jul 2017  F2017L01184     31 Dec 2022         (beginning) 1 Jan 2023                                see (f) below
AASB 2017-4  31 Jul 2017  F2017L01187     31 Dec 2018         (beginning) 1 Jan 2019                                see (g) below
AASB 2017-5  12 Dec 2017  F2018L00067     31 Dec 2017         (beginning) 1 Jan 2018                                see (h) below
AASB 2018-8  24 Dec 2018  F2019L00023     31 Dec 2018         (beginning) 1 Jan 2019                                see (i) below
AASB 2020-2  6 Mar 2020   F2020L00271     30 Jun