Changes from AASB 1048 (June 2012, as amChanges from AASB 1048 (June 2012, as amended)

Changes from AASB 1048 (June 2012, as amended)

The main differences between the previous version of AASB 1048 and this version include:

(a) the removal from Tables 1 and 2 of the versions of Interpretations that do not apply to any of the reporting periods to which this Standard mandatorily applies (see paragraph 3). This includes the removal of Interpretation 121 Income Taxes – Recovery of Revalued Non-Depreciable Assets, which was superseded by AASB 112 Income Taxes for annual reporting periods beginning on or after 1 January 2012;

(b) the addition of one Interpretation incorporating an IFRIC Interpretation to Table 1, as set out in the following table:

<table cellspacing="0" cellpadding="0" style="width:395.6pt; border-collapse:collapse"><thead><tr><td colspan="4" style="width:300.5pt; padding-right:5.75pt; padding-left:5.75pt; vertical-align:top"><h4 id="navPoint_14" style="margin-bottom:3pt"><span>Principal Addition to Table 1</span></h4></td><td style="border-bottom:1.5pt double #000000; vertical-align:top"></td><td style="border-bottom:1.5pt double #000000; vertical-align:top"></td></tr><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.02pt 0.65pt 1.4pt; vertical-align:top"><p><span style="font-weight:bold">Interpretation</span></p><p><span style="font-size:9pt; font-style:italic">Issue Date</span></p></td><td style="width:117.2pt; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.02pt 0.65pt; vertical-align:top"><p><span style="font-weight:bold">Title</span></p></td><td colspan="2" style="width:117.05pt; border-top:1.5pt double #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.02pt 0.65pt; vertical-align:top"><p><span style="font-weight:bold">Application Date </span><span>(annual reporting periods)</span></p></td><td style="width:75.2pt; border-top:1.5pt double #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt double #000000; padding:2.1pt 1.4pt 0.65pt 1.02pt; vertical-align:top"><p><span style="font-weight:bold">IFRIC or SIC Interp’n</span></p></td></tr></thead><tbody><tr><td style="vertical-align:top"></td><td style="width:70.7pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt 1.4pt; vertical-align:top"><p><span>2</span><span>1</span></p><p><span style="font-style:italic">December</span><span style="font-style:italic"> </span><span style="font-style:italic">2013</span></p><p><span>[as amended to]</span></p></td><td style="width:117.2pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>Levies</span></p></td><td colspan="2" style="width:117.05pt; border:0.75pt solid #000000; padding:2.48pt 1.02pt 1.02pt; vertical-align:top"><p><span>(beginning)</span></p><p><span>1 January 201</span><span>4</span></p></td><td style="width:75.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding:2.48pt 1.4pt 1.02pt 1.02pt; vertical-align:top"><p><span>IFRIC 2</span><span>1</span></p></td></tr></tbody><tbody><tr style="height:0pt"><td style="width:4.25pt"></td><td style="width:73.5pt"></td><td style="width:120pt"></td><td style="width:114.25pt"></td><td style="width:5.6pt"></td><td style="width:78pt"></td></tr></tbody></table>