Accounting Standard AASB 9 Financial Instruments as amended
This compiled Standard applies to annual reporting periods beginning on or after 1 January 2018. It takes into account amendments up to and including 17 December 2014 and was prepared on 20 March 2015 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 9 (December 2009) as amended by other Accounting Standards, which are listed in the Table below.
Table of Standards
Standard
Date made
Application date(annual reporting periods … on or after …)
Application, saving or transitional provisions
AASB 9
7 Dec 2009
(beginning) 1 Jan 2018
see (a) below
AASB 2011-7
29 Aug 2011
(beginning) 1 Jan 2013
see (b) below
AASB 2011-8
2 Sep 2011
(beginning) 1 Jan 2013
see (c) below
AASB 2012-6
10 Sep 2012
(beginning) 1 Jan 2013
see (d) below
AASB 2013-9
20 Dec 2013
Pt B (beginning) 1 Jan 2014Pt C (beginning) 1 Jan 2015
see (e) belowsee (f) below
AASB 2014-1
4 Jun 2014
Pt A (beginning) 1 Jul 2014Pt E (beginning) 1 Jan 2017
see (g) belowsee (h) below
AASB 2014-5
12 Dec 2014
(beginning) 1 Jan 2017
see (i) below
AASB 2014-8
17 Dec 2014
(beginning) 1 Jan 2015
see (j) below
(a) AASB 9 applies to annual reporting periods beginning on or after 1 January 2018 (instead of 1 January 2017) as a result of amendments made by Part E of AASB 2014-1 Amendments to Australian Accounting Standards.
Entities may elect to apply this Standard to annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2018, provided that AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 (as amended) and the amendments in Part E of AASB 2014-1 are also applied to such periods.
(b) AASB 2011-7 has been amended by AASB 2012-6 (made 10 September 2012).
Entities may elect to apply the amendments to this Standard to AASB 9 (2009) to annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2013, provided that AASB 10 Consolidated Financial Statements and associated Standards are also applied.
(c) AASB 2011-8 has been amended by AASB 2011-10 (made 5 September 2011) and AASB 2012-6 (made 10 September 2012).
Entities may elect to apply this Standard to annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2013, provided that AASB 13 Fair Value Measurement is also applied.
(d) Entities may elect to apply the amendments to this Standard to AASB 9 (2009) to annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2013.
(e) Early application of Part B of this Standard is not permitted.
(f) Entities may elect to apply amendments to AASB 9 (2009) in Part C of this Standard to annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2017, provided that AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 (as amended) is also applied to such periods.
(g) Entities may elect to apply the amendments to AASB 9 (2009) in Part A of this Standard to annual reporting periods ending on or after 31 December 2009 that begin before 1 July 2014.
(h) Entities may elect to apply the amendments to AASB 9 (2009) in Part E of this Standard to annual reporting periods ending on or after 31 December 2009 that begin before 1 January 2018, provided that the amendments in AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 (as amended) and the amendments in Part E of AASB 2014-1 Amendments to Australian Accounting Standards are also applied to such periods.
(i) Entities may elect to apply the amendments to AASB 9 (2009) in this Standard only as set out in paragraph Aus1.4 of AASB 9 (2009), provided that AASB 15 Revenue from Contracts with Customers is also applied to such periods.
(j) Entities may elect to apply the amendments to AASB 9 (2009) in this Standard if, and only if, the entity’s date of initial application is before 1 February 2015.