AASB 2011-7 - Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards - August 2011
Amendments to AASB 1023Amendments to AASB 1023
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Amendments to AASB 1023
53 Paragraph 15.5 is amended as follows (new text is underlined and deleted text is struck through):
15.5 When preparing separate financial statements, those investments in subsidiaries, jointly controlled entities joint ventures and associates that:
(a) are defined by AASB 10 AASB 127 Consolidated and Separate Financial Statements, AASB 11 Joint Arrangements and AASB 128 Investments in Associates and Joint Ventures and AASB 131 Interests in Joint Ventures;
(b) …
54 In paragraphs 15.5.1 and 15.5.2, ‘jointly controlled entities’ is amended to ‘joint ventures’.