AASB 124 - Related Party Disclosures - December 2009
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Table of Standards
| Standard | Date made | Application date(annual reporting periods … on or after …) | Application, saving or transitional provisions |
|---|---|---|---|
| AASB 124 | 15 Dec 2009 | (beginning) 1 Jan 2011 | see (a) below |
| AASB 2010-2 | 30 Jun 2010 | (beginning) 1 Jul 2013 | see (b) below |
| AASB 2011-4 | 7 Jul 2011 | (beginning) 1 Jul 2013 | see (c) below |
| AASB 2011-7 | 29 Aug 2011 | (beginning) 1 Jan 2013 | see (d) below |
| AASB 2011-10 | 5 Sep 2011 | (beginning) 1 Jan 2013 | see (e) below |
| AASB 2013-5 | 14 Aug 2013 | (beginning) 1 Jan 2014 | see (f) below |
| AASB 2014-1 | 4 Jun 2014 | Pt A (ending) 1 Jul 2014Pt C (ending) 1 Jul 2014 | see (g) belowsee (h) below |
(a) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2011, provided that the amendments to AASB 8 Operating Segments made by AASB 2009-12 are also applied to such periods.
(b) Entities may elect to apply this Standard 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 is also applied to such periods.
(c) AASB 2011-4 has been amended by AASB 2012-11 (made 18 December 2012). Early application of AASB 2011-4 is not permitted.
(d) AASB 2011-7 has been amended by AASB 2012-6 (made 10 September 2012) and AASB 2012-10 (made 18 December 2012).
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. The Standard applies for not-for-profit entities to annual reporting periods beginning on or after 1 January 2014. Not-for-profit entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2013 but before 1 January 2014. If an entity elects to apply this Standard to such annual reporting periods, it shall apply AASB 10 Consolidated Financial Statements and associated Standards to such periods.
(e) 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 AASB 119 Employee Benefits (September 2011) is also applied to such periods.