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compilation details

Accounting Standard AASB 1048 Interpretation and Application of Standards as amended

This compiled Standard applies to annual reporting periods beginning on or after 1 January 2009. It takes into account amendments up to and including 24 September 2007 and was prepared on 8 May 2014 by the staff of the Australian Accounting Standards Board (AASB).

This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 1048 (September 2007) as amended by other Accounting Standards, which are listed in the Table below.

Table of Standards

Standard	Date made	Application date(annual reporting periods … on or after …)	Application, saving or transitional provisions
AASB 1048	5 Sep 2007	(ending) 30 Sep 2007	see (a) below
AASB 2007-8	24 Sep 2007	(beginning) 1 Jan 2009	see (b) below

(a) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 that end before 30 September 2007.

(b) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2009, provided that AASB 101 Presentation of Financial Statements. is also adopted for the same period.

Table of Amendments

Paragraph affected	How affected	By … [paragraph]
2	amended	AASB 2007-8 [7, 8]
5	amended	AASB 2007-8 [8]