AASB 12 - Disclosure of Interests in Other Entities - August 2011
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Appendix C
Effective date and transition
This appendix is an integral part of the Standard and has the same authority as the other parts of the Standard.
Effective date and transition
C1 [Deleted by the AASB – see paragraphs Aus4.2 and Aus4.3]
C1A AASB 2012-10 Amendments to Australian Accounting Standards – Transition Guidance and Other Amendments, issued in December 2012, added paragraphs C2A–C2B. An entity shall apply those amendments for annual reporting periods beginning on or after 1 January 2013, except that a not-for-profit entity shall apply the amendments for annual reporting periods beginning on or after 1 January 2014. If an entity applies AASB 12 for an earlier period, it shall apply those amendments for that earlier period.
C1B AASB 2013-5 Amendments to Australian Accounting Standards – Investment Entities, issued in August 2013, amended paragraph 2 and Appendix A, and added paragraphs 9A–9B, 19A–19G, 21A and 25A. An entity shall apply those amendments for annual reporting periods beginning on or after 1 January 2014. Early adoption is permitted. If an entity applies those amendments earlier, it shall disclose that fact and apply all amendments included in AASB 2013-5 at the same time.
C1C AASB 2015-5 Amendments to Australian Accounting Standards – Investment Entities: Applying the Consolidation Exception, issued in January 2015, amended paragraph 6. An entity shall apply that amendment for annual reporting periods beginning on or after 1 January 2016. Earlier application is permitted. If an entity applies that amendment for an earlier period it shall disclose that fact.
C2 [Deleted by the AASB – see paragraph Aus4.4]
C2A The disclosure requirements of this Standard need not be applied for any period presented that begins before the annual reporting period immediately preceding the first annual reporting period for which AASB 12 is applied.
C2B The disclosure requirements of paragraphs 24–31 and the corresponding guidance in paragraphs B21–B26 of this Standard need not be applied for any period presented that begins before the first annual reporting period for which AASB 12 is applied.
References to AASB 9
C3 If an entity applies this Standard but does not yet apply AASB 9, any reference to AASB 9 shall be read as a reference to AASB 139 Financial Instruments: Recognition and Measurement.