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AASB 2011-7 - Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards - August 2011
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50 Paragraph 3(e) is amended (new text is underlined and deleted text is struck through) and paragraph 130F is added as follows:
3 If another Standard prescribes the accounting for a specific type of intangible asset, an entity applies that Standard instead of this Standard. For example, this Standard does not apply to:
(a) …
(e) financial assets as defined in AASB 132. The recognition and measurement of some financial assets are covered by AASB 10 Consolidated Financial Statements, AASB 127 Consolidated and Separate Financial Statements, and AASB 128 Investments in Associates and Joint Ventures and AASB 131 Interests in Joint Ventures;
(f) …
130F AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards, issued in August 2011, amended paragraph 3(e). An entity shall apply that amendment when it applies AASB 10 and AASB 11 Joint Arrangements.