1The objective of this Standard is to make amendments to:

1 The objective of this Standard is to make amendments to:

(a) AASB 1 First-time Adoption of Australian Accounting Standards;

(b) AASB 2 Share-based Payment;

(c) AASB 3 Business Combinations;

(d) AASB 4 Insurance Contracts;

(e) AASB 5 Non-current Assets Held for Sale and Discontinued Operations;

(f) AASB 7 Financial Instruments: Disclosures;

(g)-(j) [Deleted]

(k) AASB 101 Presentation of Financial Statements;

(l) AASB 102 Inventories;

(m) AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors;

(n) AASB 110 Events after the Reporting Period;

(o) AASB 116 Property, Plant and Equipment;

(p) AASB 117 Leases;

(q) AASB 118 Revenue;

(r) AASB 119 Employee Benefits;

(s) AASB 120 Accounting for Government Grants and Disclosure of Government Assistance;

(t) AASB 121 The Effects of Changes in Foreign Exchange Rates;

(u) AASB 128 Investments in Associates;

(v) AASB 131 Interests in Joint Ventures;

(w) AASB 132 Financial Instruments: Presentation;

(x) AASB 133 Earnings per Share;

(y) AASB 134 Interim Financial Reporting;

(z) AASB 136 Impairment of Assets;

(aa) AASB 138 Intangible Assets;

(bb) AASB 139 Financial Instruments: Recognition and Measurement;

(cc) AASB 140 Investment Property;

(dd) AASB 141 Agriculture;

(ee) AASB 1004 Contributions;

(ff) AASB 1023 General Insurance Contracts;

(gg) AASB 1038 Life Insurance Contracts;

(hh) Interpretation 2 Members’ Shares in Co-operative Entities and Similar Instruments;

(ii) Interpretation 4 Determining whether an Arrangement contains a Lease;

(jj) Interpretation 12 Service Concession Arrangements;

(kk) Interpretation 13 Customer Loyalty Programmes;

(ll) Interpretation 14 AASB 119 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction;

(mm) Interpretation 17 Distributions of Non-cash Assets to Owners;

(nn) Interpretation 19 Extinguishing Financial Liabilities with Equity Instruments;

(oo) Interpretation 131 Revenue – Barter Transactions Involving Advertising Services; and

(pp) Interpretation 132 Intangible Assets – Web Site Costs;

as a consequence of the issuance of AASB 13 Fair Value Measurement in September 2011.