19Subject to paragraphs 19A and 21, an entity that:

19 Subject to paragraphs 19A and 21, an entity that: (a) has applied Tier 1 reporting requirements or IFRSs in a previous reporting period; but (b) whose most recent previous annual financial statements did not contain an explicit and unreserved statement of compliance with Tier 1 reporting requirements[\[3\]](#_ftn3) or IFRSs; and (c) is resuming or commencing the application of Tier 1 reporting requirements; shall apply all the relevant requirements of AASB 1, or the AASB 1 option for retrospective application of Australian Accounting Standards in accordance with AASB 108 as if the entity had never stopped applying Australian Accounting Standards or IFRSs. 19A An entity that is to claim IFRS compliance on resuming Tier 1 reporting requirements under paragraph 19, shall not use the AASB 1 option for retrospective application of Australian Accounting Standards in accordance with AASB 108 if it was not previously IFRS compliant.