CTHRepealedLegislation
Accounting Standard AASB 2020-2 Amendments to Australian Accounting Standards – Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities
12AASB 1038 Life Insurance Contracts applies to:
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12 AASB 1038 Life Insurance Contracts applies to:
(a) a life insurer; or
(b) the parent in a group that includes a life insurer;
when the entity is a not-for-profit public sector entity that:
(c) is a reporting entity and prepares general purpose financial statements; or
(d) prepares financial statements that are, or are held out to be, general purpose financial statements; or.
(f) is a for-profit private sector entity that has public accountability and is required by legislation to comply with Australian Accounting Standards.
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