CONTENTS

COMPILATION DETAILS

Comparison with IFRS 9

Accounting Standard

AASB 9 Financial Instruments

Paragraphs

Objective and Application 1.1 – Aus1.6

Scope 2.1

Recognition and Derecognition

Initial recognition of financial assets 3.1.1 – 3.1.2

Classification 4.1 – 4.4

Option to designate a financial asset at fair value through profit or loss 4.5

Embedded derivatives 4.6 – 4.8

Reclassification 4.9

Measurement

Initial measurement of financial assets 5.1.1 – 5.1.2

Subsequent measurement of financial assets 5.2.1 – 5.2.3

Reclassification 5.3.1 – 5.3.3

Gains and losses 5.4.1 – 5.4.3

Investments in equity instruments 5.4.4 – 5.4.5

Hedge Accounting [not used]

Disclosures [not used]

Effective date and transition

Effective date 8.1.3 – 8.1.5

Transition 8.2.1 – 8.2.13

Appendices:

A. Defined Terms Page 12

B. Application Guidance Page 13

DELETED IFRS 9 TEXT Page 21

ILLUSTRATIVE EXAMPLES
(available on the AASB website)

BASIS FOR CONCLUSIONS ON IFRS 9
(available on the AASB website)

Australian Accounting Standard AASB 9 Financial Instruments (as amended) is set out in paragraphs 1.1 – 8.2.13 and Appendices A and B. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. AASB 9 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.