Reduced Disclosure RequirementsReduced Disclosure Requirements

Reduced Disclosure Requirements

Aus1.8 The following do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements:

(a) paragraphs 31(c), 31(d), 35(b) and 48;

(b) in paragraph 31(b), the text “a reconciliation … present value.” and, in the second sentence, the text “In addition, an entity shall disclose” and “and their present value,”;

(c) in paragraph 35(c), the text “, with separate amounts … sublease payments”; and

(d) in paragraph 56(a), the words “in the aggregate and”.

Entities applying Australian Accounting Standards – Reduced Disclosure Requirements may elect to comply with some or all of these excluded requirements.

Aus1.9 The requirements that do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements are identified in this Standard by shading of the relevant text.