AASB 120 - Accounting for Government Grants and Disclosure of Government Assistance - July 2004
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Effective Date
41 [Deleted by the AASB]
42 [Deleted by the AASB]
43 Paragraph 37 was deleted and paragraph 10A added by AASB 2008-5 Amendments to Australian Accounting Standards arising from the Annual Improvements Project issued in July 2008. An entity shall apply those amendments prospectively to government loans received in annual reporting periods beginning on or after 1 January 2009. Earlier application is permitted. If an entity applies the amendments for an earlier period it shall disclose that fact.
44 [Deleted by the IASB]
45 AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13, issued in September 2011, amended the definition of fair value in paragraph 3. An entity shall apply that amendment when it applies AASB 13.
46 AASB 2011-9 Amendments to Australian Accounting Standards – Presentation of Items of Other Comprehensive Income, issued in September 2011, amended paragraph 29 and deleted paragraph 29A. An entity shall apply those amendments when it applies AASB 101 as amended in September 2011.
47 [Deleted by the IASB]
48 AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010) (as amended) amended paragraph 10A. Paragraph 44, added by AASB 2010-7, was deleted by AASB 2014-1 Amendments to Australian Accounting Standards. Paragraph 47, added by AASB 2014-1, was deleted by AASB 2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014). An entity shall apply those amendments when it applies AASB 9 (December 2014).