cOMPARISON WITH IAS 28

AASB 128 Investments in Associates and Joint Ventures as amended incorporates IAS 28 Investments in Associates and Joint Ventures as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 28) are identified with the prefix “Aus”, followed by the number of the preceding IASB paragraph and decimal numbering.

For-profit entities that comply with AASB 128 as amended will simultaneously be in compliance with IAS 28 as amended.

Entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements and not-for-profit entities using the added “Aus” paragraphs in this Standard may not be simultaneously complying with IAS 28.