38Paragraphs 128 and 133 are amended as follows (new text is underlined and deleted text is struck through):

38 Paragraphs 128 and 133 are amended as follows (new text is underlined and deleted text is struck through):

128 The disclosures in paragraph 125 are not required for assets and liabilities with a significant risk that their carrying amounts might change materially within the next financial year if, at the end of the reporting period, they are measured at fair value based on recently observed market prices a quoted price in an active market for an identical asset or liability. Such fair values might change materially within the next financial year but these changes would not arise from assumptions or other sources of estimation uncertainty at the end of the reporting period.

133 Other Australian Accounting Standards require the disclosure of some of the assumptions that would otherwise be required in accordance with paragraph 125. For example, AASB 137 requires disclosure, in specified circumstances, of major assumptions concerning future events affecting classes of provisions. AASB 7 AASB 13 Fair Value Measurement requires disclosure of significant assumptions (including the valuation technique(s) and inputs) the entity uses when measuring in estimating the fair values of financial assets and financial liabilities that are carried at fair value. AASB 116 requires disclosure of significant assumptions that the entity uses in estimating the fair values of revalued items of property, plant and equipment.