127 In paragraph 18, the first reference to ‘an active market’ is footnoted as follows:

AASB 13 Fair Value Measurement, issued in September 2011, defines fair value and contains the requirements for measuring fair value. AASB 13 defines an active market.

Early application of AASB 13 Early application of AASB 13

Early application of AASB 13

Note: This appendix is an integral part of AASB 2011-8.

A1 Australian Accounting Standard AASB 13 Fair Value Measurement may be applied early to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013. The amendments set out in paragraphs 12–127 of this Standard also apply, as far as possible, to all the versions of the pronouncements applicable to such periods when AASB 13 is applied early.

A2 However, the early-application amendments to the following pronouncements are set out in this Appendix:

(a) AASB 1 First-time Adoption of Australian Accounting Standards (May 2009);

(b) AASB 7 Financial Instruments: Disclosures;

(c) AASB 128 Investments in Associates;

(d) AASB 131 Interests in Joint Ventures;

(e) [Deleted]

(f) AASB 139 Financial Instruments: Recognition and Measurement.

(g) [Deleted]

(h) [Deleted]

The amendments are presented in relation to the annual reporting periods to which various versions of those pronouncements apply mandatorily. However, most versions may also be applied to earlier annual reporting periods as stated in each version.

A3 [Deleted]

Change in Definition Change in Definition

Change in Definition

A4 The changes to the definition of ‘fair value’ in paragraphs 12 and 13 of this Standard apply in early application cases and are not repeated in the amendments set out in this Appendix.

Amendments to AASB 1 (May 2009) Amendments to AASB 1 (May 2009)

Amendments to AASB 1 (May 2009)

A5 [Deleted]

A6 Paragraph D20 is amended as follows (new text is underlined and deleted text is struck through) in the versions of AASB 1 that apply to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2011:

D20 Notwithstanding the requirements of paragraphs 7 and 9, an entity may apply the requirements in the last sentence paragraph AG76(a) of AASB 139 paragraph AG76 and in paragraph AG76A, in either of the following ways:

A7 [Deleted]

Amendments to AASB 7 Amendments to AASB 7

Amendments to AASB 7

A8-A9 [Deleted]