AASB 3 - Business Combinations - March 2008
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Deleted IFRS 3 text is not part of AASB 3.
Paragraph 64
This IFRS shall be applied prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after 1 July 2009. Earlier application is permitted. However, this IFRS shall be applied only at the beginning of an annual reporting period that begins on or after 30 June 2007. If an entity applies this IFRS before 1 July 2009, it shall disclose that fact and apply IAS 27 (as amended in 2008) at the same time.
Paragraph 68
This IFRS supersedes IFRS 3 Business Combinations (as issued in 2004).