AASB 1048 - Interpretation of Standards - June 2012
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Application
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 statements of each reporting entity; and
(c) financial statements that are, or are held out to be, general purpose financial statements.
3 This Standard applies to annual reporting periods ending on or after 30 June 2012.
[Note: For application dates of paragraphs changed or added by an amending Standard, see Compilation Details.]
4 This Standard may be applied to annual reporting periods beginning on or after 1 January 2005 that end before 30 June 2012.
5 The requirements specified in this Standard apply to the financial statements where information resulting from their application is material in accordance with AASB 1031 Materiality.
6 When applicable, this Standard supersedes AASB 1048 Interpretation of Standards as issued in June 2010.