AASB 1048 - Interpretation and Application of Standards - December 2004
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2 This Standard applies to:
(a) each entity that is required to prepare financial reports in accordance with Part 2M.3 of the Corporations Act;
(b) general purpose financial reports of each reporting entity; and
(c) financial reports that are, or are held out to be, general purpose financial reports.
3 This Standard applies to annual reporting periods beginning on or after 1 January 2005.
3.1 This Standard supersedes AASB 1048 Interpretation and Application of Standards as notified in the Commonwealth of Australia Gazette No S 294, 22 July 2004.
4 This Standard shall not be applied to annual reporting periods beginning before 1 January 2005.
5 The requirements specified in this Standard apply to the financial report where information resulting from their application is material in accordance with AASB 1031 Materiality.
6 Notice of this Standard was published in the Commonwealth of Australia Gazette No S 507, 13 December 2004.