IFRS Standard Not Yet Issued in Australia

17

When an IFRS Accounting Standard has been issued by the International Accounting Standards Board but the equivalent Australian Accounting Standard has yet to be issued by the AASB, an entity intending to comply with IFRS Accounting Standards shall disclose the information specified in paragraphs 30 and 31 of AASB 108 Basis of Preparation of Financial Statements in relation to that IFRS Accounting Standard.