Transitional Provisions and Effective DaTransitional Provisions and Effective Date

Transitional Provisions and Effective Date

129 [Deleted by the IASB]

130 [Deleted by the AASB]

130A [Deleted by the AASB]

130B [Deleted by the AASB]

130C AASB 2008-3 Amendments to Australian Accounting Standards Arising from AASB 3 and AASB 127 amended paragraphs 12, 33-35, 68, 69 and 94, deleted paragraph 38 and added paragraph 115A. AASB 2009-4 Amendments to Australian Accounting Standards arising from the Annual Improvements Project, issued in May 2009, amended paragraphs 36 and 37. An entity shall apply those amendments prospectively for annual reporting periods beginning on or after 1 July 2009. Therefore, amounts recognised for intangible assets and goodwill in prior business combinations shall not be adjusted. If an entity applies AASB 3 (revised 2008) for an earlier period, it shall apply the amendments for that earlier period and disclose that fact.

130D Paragraphs 69, 70 and 98 were amended and paragraph 69A was 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 for 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.

130E [Deleted by the IASB]

130F AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards, issued in August 2011, amended paragraph 3(e). An entity shall apply that amendment when it applies AASB 10 and AASB 11 Joint Arrangements.

130G AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13, issued in September 2011, amended paragraphs 8, 33, 47, 50, 75, 78, 82, 84, 100 and 124 and deleted paragraphs 39-41 and 130E. An entity shall apply those amendments when it applies AASB 13.

130H AASB 2014-1 Amendments to Australian Accounting Standards, issued in June 2014, amended paragraph 80. An entity shall apply that amendment for annual reporting periods beginning on or after 1 July 2014. Earlier application is permitted. If an entity applies that amendment for an earlier reporting period it shall disclose that fact.

130I An entity shall apply the amendment made by AASB 2014-1 to all revaluations recognised in annual reporting periods beginning on or after the date of initial application of that amendment and in the immediately preceding annual reporting period. An entity may also present adjusted comparative information for any earlier reporting periods presented, but it is not required to do so. If an entity presents unadjusted comparative information for any earlier periods, it shall clearly identify the information that has not been adjusted, state that it has been presented on a different basis and explain that basis.