Application

2

This Standard applies to general purpose financial statements of government departments.

3

This Standard applies to annual reporting periods beginning on or after 1 July 2008.

[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 on or after 1 January 2005 but before 1 July 2008, provided there is early adoption for the same annual reporting period of the following pronouncements being issued at about the same time, as applicable:

(a) AASB 1004 Contributions;

(b) AASB 1049 Whole of Government and General Government Sector Financial Reporting;

(c) AASB 1051 Land Under Roads;

(d) AASB 1052 Disaggregated Disclosures;

(e) AASB 2007-9 Amendments to Australian Accounting Standards arising from the Review of AASs 27, 29 and 31; and

(f) AASB Interpretation 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities.

5

[Deleted by the AASB]

6

When applicable, this Standard, together with the Standards referred to in paragraph 4, supersede AAS 29 Financial Reporting by Government Departments as issued in June 1998, as amended.