AASB 4 - Insurance Contracts - July 2004
deleted ifrs 4 textdeleted ifrs 4 text
Start here
Get a plain-English read of deleted ifrs 4 text
Turn the raw legal text into a practical explanation grounded in AASB 4 - Insurance Contracts - July 2004.
deleted ifrs 4 text
Deleted IFRS 4 text is not part of AASB 4.
Paragraph 41
An entity shall apply this IFRS for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. If an entity applies this IFRS for an earlier period, it shall disclose that fact.
Paragraph 41A
Financial Guarantee Contracts (Amendments to IAS 39 and IFRS 4), issued in August 2005, amended paragraphs 4(d), B18(g) and B19(f). An entity shall apply those amendments for annual periods beginning on or after 1 January 2006. Earlier application is encouraged. If an entity applies those amendments for an earlier period, it shall disclose that fact and apply the related amendments to IAS 39 and IAS 324 at the same time.
4 When an entity applies IFRS 7, the reference to IAS 32 is replaced by a reference to IFRS 7.
Paragraph 41B
IAS 1 (as revised in 2007) amended the terminology used throughout IFRSs. In addition it amended paragraph 30. An entity shall apply those amendments for annual periods beginning on or after 1 January 2009. If an entity applies IAS 1 (revised 2007) for an earlier period, the amendments shall be applied for that earlier period.