Transition
19
AASB 108 specifies how an entity applies a change in accounting policy resulting from the initial application of an Interpretation. An entity is not required to comply with those requirements when first applying the Interpretation. If an entity had designated a hedging instrument as a hedge of a net investment but the hedge does not meet the conditions for hedge accounting in this Interpretation, the entity shall apply AASB 139 to discontinue that hedge accounting prospectively.
Aus19.1
Paragraph 19 shall not be applied by an entity that has previously applied Interpretation 16, unless required to do so by a Standard or another Interpretation.