Application

2

This Standard applies to each government’s whole of government general purpose financial statements and GGS financial statements.

3

This Standard applies to annual reporting periods beginning on or after 1 January 2009.

[Note: For application dates of paragraphs changed or added by an amending Standard, see Compilation Details.]

4

This Standard may be applied to annual reporting periods beginning before 1 January 2009, provided there is early adoption for the same annual reporting period of AASB 101 Presentation of Financial Statements (September 2007).

5

[Deleted by the AASB]

6

When applicable, this Standard supersedes AASB 1049 Financial Reporting of General Government Sectors by Governments (September 2006) and AAS 31 Financial Reporting by Governments (November 1996), as amended.