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AASB 1057 - Application of Australian Accounting Standards - July 2015
11AAASB 1023 General Insurance Contracts applies to:
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11A AASB 1023 General Insurance Contracts applies to:
(a) general purpose financial statements of each public sector reporting entity; and
(b) financial statements of each public sector entity that are, or are held out to be, general purpose financial statements;
in respect of annual periods beginning before 1 July 2026. However, a public sector entity may elect to apply AASB 17 Insurance Contracts instead of AASB 1023.
12 \[Deleted\]
13 AASB 1039 Concise Financial Reports applies to a concise financial report prepared by an entity in accordance with paragraph 314(2)(a) in Part 2M.3 of the Corporations Act.
14 AASB 1049 applies to each government’s whole of government general purpose financial statements and GGS financial statements.