AASB 108 - Accounting Policies, Changes in Accounting Estimates and Errors - July 2004
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Paragraph 54
An entity shall apply this Standard for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. If an entity applies this Standard for a period beginning before 1 January 2005, it shall disclose that fact.
Paragraph 55
This Standard supersedes IAS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies, revised in 1993.
Paragraph 56
This Standard supersedes the following Interpretations:
(a) SIC-2 Consistency – Capitalisation of Borrowing Costs; and
(b) SIC-18 Consistency – Alternative Methods.