Appendix C -- Transition
This appendix accompanies, but is not part of, AASB 1053.
This Appendix is intended to facilitate the application of the requirements in paragraphs 17–23 of the Standard for the application of Tiers, and the transition between Tiers, of Australian Accounting Standards.
Chart 1: First-time Adoption of Tier 1 or Tier 2 Reporting Requirements (paragraphs 18–18D)
* AASB 1060, paragraph B1, provides optional relief from presenting comparative information for new disclosures for not-for-profit entities transitioning early from either Tier 1 or Tier 2 – Reduced Disclosure Requirements to Tier 2 – Simplified Disclosures.
Chart 2: Re-application of Tier 1 Reporting Requirements (paragraphs 19 and 19A)
Chart 3: Re-application of Tier 2 Reporting Requirements (paragraph 19B)
Chart 4: Moving between Tiers (paragraphs 21 and 23)
