6Earlier application is permitted from:

6 Earlier application is permitted from:

(a) any date between the issue of this Standard and 31 December 2010, for entities initially applying this Standard before 1 January 2011; or

(b) the beginning of the first reporting period in which the entity adopts this Standard, for entities initially applying this Standard on or after 1 January 2011.

However, if an entity elects to apply this Standard early and has not already applied AASB 9 and AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 issued in December 2009, it must apply all of the requirements in AASB 9 (as issued in December 2010) at the same time. If an entity applies this Standard in its financial statements for a period beginning before 1 January 2013, it shall disclose that fact.

7 When applied or operative, this Standard supersedes AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 issued in December 2009. However, for annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2013, an entity may elect to apply AASB 9 issued in December 2009 instead of applying AASB 9 (December 2010) and therefore will apply the amendments to other Australian Accounting Standards in
AASB 2009-11 instead of this Standard.

8 This Standard uses underlining, striking out and other typographical material to identify some of the amendments to a Standard or an Interpretation, in order to make the amendments more understandable. However, the amendments made by this Standard do not include that underlining, striking out or other typographical material.

Amendments to AASB 1 Amendments to AASB 1

Amendments to AASB 1