Commonwealth legislation

AASB 3 - Business Combinations - August 2015

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

6/10 complexity

AASB 3 sets the accounting rules for recognising and measuring business combinations. This compiled version, made under section 334 of the Corporations Act 2001, applies to annual periods beginning on or after 1 January 2023 but before 1 July 2026 and incorporates AASB amendments up to 15 December 2022. It affects entities preparing financial reports under the Corporations Act by specifying which (amended and IFRS‑aligned) version of the business‑combinations guidance they must apply.

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Current sections

Direct links to the current provisions in AASB 3 - Business Combinations - August 2015.

Other enquiries

Phone: (03) 9617 7600

E-mail: standard@aasb.gov.au

This compiled AASB Standard contains IFRS Foundation copyright material. Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to The Managing Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.

All existing rights in this material are reserved outside Australia. Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce IFRS Foundation copyright material for commercial purposes outside Australia should be addressed to the IFRS Foundation at www.ifrs.org.

Accounting Standard AASB 3

The Australian Accounting Standards Board made Accounting Standard AASB 3 Business Combinations under section 334 of the Corporations Act 2001 on 7 August 2015.

This compiled version of AASB 3 applies to annual periods beginning on or after 1 January 2023 but before 1 July 2026. It incorporates relevant amendments contained in other AASB Standards made by the AASB up to and including 15 December 2022 (see Compilation Details).

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

Other enquiries Other enquiries

Other enquiries

Phone: (03) 9617 7600

E-mail: standard@aasb.gov.au

Accounting Standard AASB 3 Accounting Standard AASB 3

Accounting Standard AASB 3

The Australian Accounting Standards Board made Accounting Standard AASB 3 Business Combinations under section 334 of the Corporations Act 2001 on 7 August 2015.