Document ID: chunk:federal_register_of_legislation:F2023C00383:reg:4:p23
Version: federal_register_of_legislation:F2023C00383
Segment Type: reg
Provision Reference: reg 4 (pt 23/25)
Character Range: 125108–128001

that amendment for an earlier period it shall disclose that fact.
177 An entity shall apply the amendment in paragraph 176 from the beginning of the earliest comparative period presented in the first financial statements in which the entity applies the amendment. Any initial adjustment arising from the application of the amendment shall be recognised in retained earnings at the beginning of that period.
178 AASB 17, issued in July 2017, amended the footnote to paragraph 8. An entity shall apply that amendment when it applies AASB 17.
179 AASB 2018-2 Amendments to Australian Accounting Standards – Plan Amendment, Curtailment or Settlement, issued in March 2018, added paragraphs 101A, 122A and 123A, and amended paragraphs 57, 99, 120, 123, 125, 126 and 156. An entity shall apply these amendments to plan amendments, curtailments or settlements occurring on or after the beginning of the first annual reporting period that begins on or after 1 January 2019. Earlier application is permitted. If an entity applies these amendments earlier, it shall disclose that fact

Commencement of the legislative instrument
Aus177.1 [Repealed]

Withdrawal of AASB pronouncements
Aus177.2 This Standard repeals AASB 119 Employee Benefits issued in September 2011. 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to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.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of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]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
Application guidance
This appendix is an integral part of the Standard. It describes the application of paragraphs 92–93 and has the same authority as the other parts of the Standard.
A1 The accounting requirements for contributions from employees or third parties are illustrated in the diagram below.

Appendix C
Australian simplified disclosures for Tier 2 entities
This appendix is an integral part of the Standard.
AusC1 Paragraphs 25, 33(b), 34(b), 42, 53, 54, 135–152, 158 and 171 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.

Compilation details
Accounting Standard AASB 119 Employee Benefits (as amended)
Compilation details are not part of AASB 119.
This compiled Standard applies to annual periods beginning on or after 1 January 2023 but before 1 July 2026.  It takes into account amendments up to and including 15 December 2022 and was prepared on 6 April 2023 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a