2This Standard shall be applied in accounting for the impairment of all assets, other than:

2 This Standard shall be applied in accounting for the impairment of all assets, other than:
(h) deferred acquisition costs, and intangible assets, arising from an insurer’s contractual rights under insurance contracts within the scope of AASB 4 AASB 17 Insurance Contracts, AASB 1023 General Insurance Contracts and AASB 1038 Life Insurance Contracts that are assets and any assets for insurance acquisition cash flows as defined in AASB 17; and
(i) …

Transition provisions and effective date

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140N AASB 17, issued in July 2017, amended paragraph 2\. AASB 2020-5 Amendments to Australian Accounting Standards – Insurance Contracts, issued in July 2020, further amended paragraph 2. An entity shall apply that amendment when it applies AASB 17.

AASB 137 Provisions, Contingent Liabilities and Contingent Assets (August 2015, as amended)

| Paragraph 5 is amended. Paragraph 103 is added. |

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5 When another Standard deals with a specific type of provision, contingent liability or contingent asset, an entity applies that Standard instead of this Standard. For example, some types of provisions are addressed in Standards on:
(e) insurance contracts and other contracts within the scope of (see AASB 4 AASB 17 Insurance Contracts, AASB 1023 General Insurance Contracts, and AASB 1038 Life Insurance Contracts). However, this Standard applies to provisions, contingent liabilities and contingent assets of an insurer, other than those arising from its contractual obligations and rights under insurance contracts within the scope of AASB 4, AASB 1023 or AASB 1038;
(f) ...

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