AASB 12 - Disclosure of Interests in Other Entities - August 2011
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Accounting Standard AASB 12 Disclosure of Interests in Other Entities as amended
This compiled Standard applies to annual reporting periods beginning on or after 1 January 2016. It takes into account amendments up to and including 30 January 2015 and was prepared on 8 June 2015 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 12 (August 2011) as amended by other Accounting Standards, which are listed in the Table below.
Table of Standards
| Standard | Date made | Application date(annual reporting periods … on or after …) | Application, saving or transitional provisions |
|---|---|---|---|
| AASB 12 | 29 Aug 2011 | (beginning) 1 Jan 2013 | see (a) below |
| AASB 2012-7 | 10 Sep 2012 | (beginning) 1 Jul 2013 | see (b) below |
| AASB 2012-10 | 18 Dec 2012 | (beginning) 1 Jan 2013 | see (c) below |
| AASB 2013-5 | 14 Aug 2013 | (beginning) 1 Jan 2014 | see (d) below |
| AASB 2013-8 | 31 Oct 2013 | (beginning) 1 Jan 2014 | see (e) below |
| AASB 2015-3 | 28 Jan 2015 | (beginning) 1 Jul 2015 | see (f) below |
| AASB 2015-5 | 30 Jan 2015 | (beginning) 1 Jan 2016 | see (g) below |
(a) For-profit entities (but not not-for-profit entities) may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013, provided that certain related Standards are also applied to such periods.
(b) Entities may elect to apply this Standard, or its amendments to individual Standards, to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2013, provided that AASB 1053 Application of Tiers of Australian Accounting Standards and the other Standards listed in paragraph 5 of this Standard (as relevant) are also applied to such periods.
(c) For-profit entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013. Not-for-profit entities may elect to apply the amendments to AASB 12 in this Standard to annual reporting periods beginning on or after 1 January 2013 but before 1 January 2014.