Document ID: chunk:federal_register_of_legislation:F2024C00047:reg:44jj:p1
Version: federal_register_of_legislation:F2024C00047
Segment Type: reg
Provision Reference: reg 44JJ (pt 1/23)
Character Range: 89288–92175

44JJ  AASB 2023-1 Amendments to Australian Accounting Standards – Supplier Finance Arrangements, issued in June 2023, which also amended AASB 107 Statement of Cash Flows, amended paragraph B11F. An entity shall apply that amendment when it applies the amendments to AASB 107.

Withdrawal of IAS 30
45 [Deleted by the AASB]

Commencement of the legislative instrument
Aus45.1 [Repealed]

Withdrawal of AASB pronouncements
Aus45.2 This Standard repeals AASB 7 Financial Instruments: Disclosures issued in August 2005.  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to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.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of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]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
Defined terms
This appendix is an integral part of the Standard.

credit risk                The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.
credit risk rating grades  Rating of credit risk based on the risk of a default occurring on the financial instrument.
currency risk              The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates.
interest rate risk         The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.
liquidity risk             The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset.
loans payable              Loans payable are financial liabilities, other than short-term trade payables on normal credit terms.
market risk                The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk.
other price risk           The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer or by factors affecting all similar financial instruments traded in the market.

The following terms are defined in paragraph 11 of AASB 132, paragraph 9 of AASB 139, Appendix A of AASB 9 or Appendix A of AASB 13 and are used in this Standard with the meaning specified in AASB 132,