Document ID: chunk:federal_register_of_legislation:F2023C00406:body:0:p62
Version: federal_register_of_legislation:F2023C00406
Segment Type: other
Provision Reference: 
Character Range: 162773–165851

2022  see (f) below
AASB 2022-8  15 Dec 2022  F2023L00014     31 Dec 2022         (beginning) 1 Jan 2023  see (g) below
AASB 2022-9  15 Dec 2022  F2023L00015     30 Jun 2026         (beginning) 1 Jul 2026  not compiled*

   * The amendments made by this Standard are not included in this compilation, which presents the principal Standard as applicable to annual periods beginning on or after 1 January 2023 but before 1 July 2026.
   (a)           Entities may elect to apply this Standard to periods beginning after 24 July 2014 but before 1 January 2018.
   (b)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2019, provided that AASB 15 Revenue from Contracts with Customers is also applied to the same period.
   (c)           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 132 (2015) incorporating the text that relates to AASB 15 is permitted, provided that AASB 15 is also applied.
   (d)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2023, provided that AASB 9 Financial Instruments is also applied on or before the date of initial application of AASB 17. (AASB 17 was amended prior to its mandatory application by various amending Standards, including AASB 2022-8 Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments, made by the AASB on 15 December 2022.)
   (e)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2020.
   (f)            Entities may elect to apply this Standard to annual periods beginning before 1 January 2022.
   (g)           Entities may elect to apply this Standard to annual periods beginning before 1 January 2023.

Table of amendments
Paragraph affected   How affected  By … [paragraph/page]
 AusCF1              added         AASB 2019-1 [page 21]
 4                   amended       AASB 17 [page 80]
 Aus4.1-Aus4.2       added         AASB 2022-8 [page 11]
 33A                 added         AASB 17 [page 81]
 97S                 added         AASB 16 [page 52]
 97T                 added         AASB 17 [page 81]
 Aus100.1            repealed      Legislation Act 2003, s. 48D
 AG8                 amended       AASB 17 [page 82]
 AusAG8.1            added         AASB 2022-8 [page 11]
 AG9                 amended       AASB 16 [page 52]
 AG10                amended       AASB 16 [page 53]
 AG36 (and heading)  amended       AASB 17 [page 82]
 AG38A               amended       AASB 2021-7 [35]

Deleted IAS 32 text
Deleted IAS 32 text is not part of AASB 132.
97A IAS 1 (as revised in 2007) amended the terminology used throughout IFRSs. In addition it amended paragraph 40. An entity shall apply those amendments for annual periods beginning on or after 1 January 2009. If an entity applies IAS 1 (revised 2007) for an earlier