CTHRepealedLegislation
AASB 9 - Financial Instruments - December 2009
3.1Initial recognition of financial assets
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3.1 Initial recognition of financial assets
3.1.1 An entity shall recognise a financial asset in its statement of financial position when, and only when, the entity becomes party to the contractual provisions of the instrument (see paragraphs AG34 and AG35 of AASB 139). When an entity first recognises a financial asset, it shall classify it in accordance with paragraphs 4.1-4.5 and measure it in accordance with paragraphs 5.1.1-5.1.2.
3.1.2 A regular way purchase or sale of a financial asset shall be recognised and derecognised in accordance with paragraphs 38 and AG53-AG56 of AASB 139.