AASB 140 - Investment Property - July 2004
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Business Combinations
84A AASB 2014-1 Amendments to Australian Accounting Standards, issued in June 2014, added paragraph 14A and a heading before paragraph 6. An entity shall apply that amendment prospectively for acquisitions of investment property from the beginning of the first period for which it adopts that amendment. Consequently, accounting for acquisitions of investment property in prior periods shall not be adjusted. However, an entity may choose to apply the amendment to individual acquisitions of investment property that occurred prior to the beginning of the first annual reporting period occurring on or after the effective date if, and only if, information needed to apply the amendment to those earlier transactions is available to the entity.