CTHRepealedLegislation
AASB 123 - Borrowing Costs - June 2007
Transitional ProvisionsTransitional Provisions
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Transitional Provisions
27 When application of this Standard constitutes a change in accounting policy, an entity shall apply the Standard to borrowing costs relating to qualifying assets for which the commencement date for capitalisation is on or after the application date.
28 However, an entity may designate any date before the application date and apply the Standard to borrowing costs relating to all qualifying assets for which the commencement date for capitalisation is on or after that date.