{"id":"F2025L00370","name":"Accounting Standard AASB 2025-2 Amendments to Australian Accounting Standards – Classification and Measurement of Financial Instruments: Tier 2 Disclosures","slug":"accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":106172,"registerId":"commonwealth-F2025L00370-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Obtaining a copy of this Accounting Stan","sectionType":"part","heading":"Obtaining a copy of this Accounting Standard","content":"# Obtaining a copy of this Accounting Standard\n\nThis Standard is available on the AASB Digital Standards Portal (standards.aasb.gov.au), which can also be accessed from aasb.gov.au.\n\nAustralian Accounting Standards Board\n\nPO Box 204\n\nCollins Street West\n\nVictoria 8007\n\nAUSTRALIA\n\nPhone: (03) 9617 7600\n\nE-mail: standard@aasb.gov.au\n\nWebsite: www.aasb.gov.au","sortOrder":0},{"sectionNumber":"Other enquiries","sectionType":"part","heading":"Other enquiries","content":"# Other enquiries\n\nPhone: (03) 9617 7600\n\nE-mail: standard@aasb.gov.au\n\nCOPYRIGHT\n\n© Commonwealth of Australia 2025\n\nThis AASB Standard contains IFRS Foundation copyright material. Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to The Managing Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.\n\nAll existing rights in this material are reserved outside Australia. Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce IFRS Foundation copyright material for commercial purposes outside Australia should be addressed to the IFRS Foundation at www.ifrs.org.\n\nISSN 1036-4803","sortOrder":1},{"sectionNumber":"Contents","sectionType":"part","heading":"Contents","content":"# Contents\n\nPreface\n\nAccounting Standard\n\nAASB 2025-2 Amendments to Australian Accounting Standards – Classification and Measurement of Financial Instruments: Tier 2 Disclosures\n\nfrom paragraph\n\nObjective 1\n\nApplication 3\n\nAmendments to AASB 1060 5\n\nCommencement of the legislative instrument 7\n\nBASIS FOR CONCLUSIONS\n\nAustralian Accounting Standard AASB 2025-2 Amendments to Australian Accounting Standards – Classification and Measurement of Financial Instruments: Tier 2 Disclosures is set out in paragraphs 1–7. All the paragraphs have equal authority.","sortOrder":2}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This is a targeted amendment to existing disclosure requirements within the established Tier 2 reporting framework. It does not expand the scope beyond the original purpose of AASB 1060 or alter the classification of entities subject to these rules."},"complexity_factors":["Document is a short amendment instrument (only 7 paragraphs) rather than a full standard","Heavy reliance on external references — requires knowledge of AASB 1060, AASB 9, and IFRS 9 to understand the actual disclosure requirements","Technical accounting terminology throughout (financial instruments, classification, measurement, Tier 2 disclosures)","Nested regulatory framework — operates within a two-tier reporting system (Tier 1 vs Tier 2) that requires background knowledge","Actual disclosure requirements not contained in this document; must be cross-referenced to amended standard"],"plain_english_summary":"This amendment to AASB 1060 updates disclosure requirements for financial instruments used by Tier 2 entities, tightening what smaller companies must report about loans, investments and derivatives. \n\nIt aligns those disclosure rules more closely with IFRS 9, affecting Tier 2 preparers and their auditors by increasing transparency about risks and measurements without imposing full Tier 1 reporting."},"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":true,"description":"This instrument modifies the scope of disclosure requirements by adding Tier 2‑specific disclosures for classification and measurement of financial instruments and by amending AASB 1060, thereby changing disclosure obligations for entities subject to the Tier 2 regime (see 'Amendments to AASB 1060' and paragraphs 1–7)."},"complexity_factors":["Technical subject matter: classification and measurement of financial instruments involves detailed accounting rules and judgment.","Tiered scope: targets 'Tier 2' reporters, requiring understanding of AASB tiering and who qualifies for reduced disclosures.","Cross-references: directly amends AASB 1060, creating linkages and potential interpretation dependencies.","Limited text provided: instrument is short (paras 1–7) but likely relies on definitions and concepts in broader standards.","Compliance burden: introduces or changes disclosure obligations for preparers and auditors, increasing reporting tasks.","Implementation timing: commencement provisions require co‑ordination with reporting cycles.","Copyright and reproduction rules: contains IFRS Foundation material with reproduction conditions affecting dissemination."],"plain_english_summary":"**What this does.** Amends Australian Accounting Standards to introduce Tier 2 disclosure requirements for the classification and measurement of financial instruments and makes related changes to AASB 1060. It affects entities that prepare financial statements under the AASB Tier 2 regime, and therefore preparers, auditors and financial statement users because it changes disclosure obligations and where to find the authoritative text (see AASB Digital Standards Portal)."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea","history":"/api/acts/accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea/history","analysis":"/api/acts/accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea/analysis","conflicts":"/api/acts/accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea/conflicts","importantCases":"/api/acts/accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea/important-cases","documents":"/api/acts/accounting-standard-aasb-2025-2-amendments-to-australian-accounting-standards-classification-and-mea/documents"}}