Document ID: chunk:federal_register_of_legislation:F2023C00181:body:0:p26
Version: federal_register_of_legislation:F2023C00181
Segment Type: other
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Character Range: 67578–70775

January 2017) as a result of amendments made by AASB 2015-8 Amendments to Australian Accounting Standards – Effective Date of AASB 15.  Entities may elect to apply this Standard to annual periods beginning on or after 1 January 2014 but before 1 January 2018.

   (b) Entities may elect to apply this Standard to annual periods beginning before 1 January 2017, provided that AASB 15 Revenue from Contracts with Customers is also applied.

   (c) Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 is also applied to the same period.

   (d) AASB 2016-7 deferred the effective date of AASB 15 (and its consequential amendments in AASB 2014-5) for not-for-profit entities to annual reporting periods beginning on or after 1 January 2019, instead of 1 January 2018.  However, earlier application of AASB 134 (2015) incorporating the text that relates to AASB 15 is permitted, provided that AASB 15 is also applied.

   (e) Entities may elect to apply this Standard to annual periods beginning before 1 January 2018.

   (f) Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.

   (g) Entities may elect to apply this Standard to annual periods beginning before 1 July 2021.

   (h) Entities may elect to apply this Standard to annual periods beginning before 1 January 2023.

   (i) Entities may elect to apply this Standard to annual periods beginning before 1 January 2022.

Table of amendments to Standard
Paragraph affected  How affected      By … [paragraph/page]
 AusCF1             added             AASB 2019-1 [page 22]
 5                  amended           AASB 2021-2 [page 11]
                    amended           AASB 2022-7 [page 6]
 24                 amended           AASB 2018-7 [page 8]
 31                 amended           AASB 2019-1 [page 22]
 AusCF31            added             AASB 2019-1 [page 22]
 33                 amended           AASB 2019-1 [page 22]
 AusCF33            added             AASB 2019-1 [page 22]
 46                 amended           AASB 2015-8 [13]
 55                 amended           AASB 2017-5 [26]
 Aus57.1            repealed          Legislation Act 2003, s. 48D
 58                 added             AASB 2018-7 [page 9]
                    renumbered as 59  AASB 2021-7 [36]
 58                 added             AASB 2019-1 [page 23]
 60                 added             AASB 2021-2 [page 11]
 Appendix A         deleted           AASB 1060 [page 65]

Table of amendments to illustrative examples
Paragraph affected           How affected  By … [paragraph/page]
 B7 (and preceding heading)  amended       AASB 16 [page 53]
 B23                         amended       AASB 2019-1 [page 23]
 C7                          amended       AASB 16 [page 53]

Deleted IAS 34 text
Deleted IAS 34 text is not part of AASB 134.
47 IAS 1 (as revised in 2007) amended the terminology used throughout IFRSs. In addition it amended paragraphs 4, 5, 8, 11, 12 and 20, deleted paragraph 13 and added paragraphs 8A and 11A. An entity shall apply those amendments for annual periods beginning on or after 1 January 2009. If an entity applies IAS 1