Effective date and transition

58

An entity shall apply this Standard for annual periods beginning on or after 1 January 2018. Earlier application is encouraged for periods beginning after 24 July 2014 but before 1 January 2018. If an entity applies this Standard for a period beginning before 1 January 2018, it shall disclose that fact.

58A–60A

 [Deleted by the AASB]

60B

AASB 2008-3 Amendments to Australian Accounting Standards arising from AASB 3 and AASB 127 amended the previous version of this Standard as follows: added paragraphs 48A–48D and amended paragraph 49. An entity shall apply those amendments prospectively for annual periods beginning on or after 1 July 2009. If an entity applies AASB 127 (amended 2008) for an earlier period, the amendments shall be applied for that earlier period.

60C

[Deleted]

60D

[Deleted by the AASB]

60E

[Deleted]

60F-60H

[Deleted by the AASB]

60I

[Deleted]

60J

AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010) (as amended) and AASB 2014-1 Amendments to Australian Accounting Standards amended the previous version of this Standard as follows: amended paragraphs 3(a), 3(b), 4, 5, 27 and 52(a) and deleted paragraph 60C. Paragraph 60E, added by AASB 2010-7, was deleted by AASB 2014-1. Paragraph 60I, added by AASB 2014 1, was deleted by AASB 2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014). An entity shall apply those amendments when it applies AASB 9.

60K

AASB 16 Leases, issued in February 2016, amended paragraph 16. An entity shall apply that amendment when it applies AASB 16.