Appendix C

Effective date and transition

This appendix is an integral part of AASB 13 and has the same authority as the other parts of the Standard.

C1 [Deleted by the AASB – see paragraphs Aus4.2 and Aus4.3]

C2 This Standard shall be applied prospectively as of the beginning of the annual reporting period in which it is initially applied.

C3 The disclosure requirements of this Standard need not be applied in comparative information provided for periods before initial application of this Standard.

C4 AASB 2014-1 Amendments to Australian Accounting Standards, issued in June 2014, amended paragraph 52. An entity shall apply that amendment for annual reporting periods beginning on or after 1 July 2014. An entity shall apply that amendment prospectively from the beginning of the annual reporting period in which AASB 13 was initially applied. Earlier application is permitted. If an entity applies that amendment for an earlier period it shall disclose that fact.

C5 AASB 2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014), issued in December 2014, amended paragraph 52. An entity shall apply that amendment when it applies AASB 9 (December 2014).