1Application

1 Application

1.1 This Standard applies to:
(a) each entity that is required to prepare financial reports in accordance with Part 2M.3 of the Corporations Act and that is a reporting entity;
(bc) financial statements of each not-for-profit public sector entity that are, or are held out to be, general purpose financial statements.

AASB 1038 Life Insurance Contracts (July 2004, as amended)

1 Application

1.1 This Standard applies to each entity that is:
(a) a life insurer; or
(b) the parent in a group that includes a life insurer;
when the entity is a not-for-profit public sector entity that:
(c) is a reporting entity that is required to prepare financial reports in accordance with Part 2M.3 of the Corporations Act;
(dc) is an other a reporting entity and prepares general purpose financial statements; or
(ed) prepares financial statements that are, or are held out to be, general purpose financial statements.

AASB 1057 Application of Australian Accounting Standards (July 2015, as amended)

Application of Australian Accounting Standards

5 Unless otherwise specified in paragraphs 65A–21, Australian Accounting Standards apply to: