Document ID: chunk:federal_register_of_legislation:F2023C00436:body:0:p41
Version: federal_register_of_legislation:F2023C00436
Segment Type: other
Provision Reference: 
Character Range: 109286–112295

to AASB 101 for annual reporting periods beginning on or after 1 January 2023. Earlier application is permitted. If an entity applies those amendments for an earlier period, it shall disclose that fact.
139W AASB 2022-6, issued in December 2022, amended paragraphs 60, 71, 72A, 74 and 139U and added paragraphs 72B and 76ZA. An entity shall apply:
(a) the amendment to paragraph 139U immediately on issue of AASB 2022-6.
(b) all other amendments for annual reporting periods beginning on or after 1 January 2024 retrospectively in accordance with AASB 108. Earlier application is permitted. If an entity applies these amendments for an earlier period, it shall also apply AASB 2020-1 for that period. If an entity applies AASB 2022-6 for an earlier period, it shall disclose that fact.

Withdrawal of IAS 1 (revised 2003)
140 [Deleted by the AASB]

Commencement of the legislative instrument
Aus140.1 [Repealed]

Withdrawal of AASB pronouncements
Aus140.2 This Standard repeals AASB 101 Presentation of Financial Statements issued in September 2007. Despite the repeal, after the time this Standard starts to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.
[Note: When this Standard applies under section 334 of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]

Appendix A
Australian defined terms
This appendix is an integral part of AASB 101.
Aus7.1 [Deleted by the AASB]
Aus7.2 In respect of public sector entities, local governments, governments and most, if not all, government departments are reporting entities:
government means the Australian Government, the Government of the Australian Capital Territory, New South Wales, the Northern Territory, Queensland, South Australia, Tasmania, Victoria or Western Australia.
government department means a government controlled entity, created pursuant to administrative arrangements or otherwise designated as a government department by the government which controls it.
local government means an entity comprising all entities controlled by a governing body elected or appointed pursuant to a Local Government Act or similar legislation.

Appendix B
Australian simplified disclosures for Tier 2 entities

This appendix is an integral part of the Standard.

          AusB1 This Standard does 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.

Compilation details
Accounting Standard AASB 101 Presentation of Financial Statements (as amended)
Compilation details are not part of AASB 101.
This compiled Standard applies to annual periods beginning on or after 1 January 2024.  It takes into account amendments up to and including