Application
2
This Standard applies to general purpose financial statements of local governments, government departments and whole of governments, and financial statements of GGSs.
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 1050 Administered Items;
(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:
(a) AAS 27 Financial Reporting by Local Governments as issued in June 1996, as amended;
(b) AAS 29 Financial Reporting by Government Departments as issued in June 1998, as amended; and
(c) AAS 31 Financial Reporting by Governments as issued in June 1998, as amended.