Accounting Standard AASB 2020-8 Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform – Phase 2
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Application
The amendments set out in this Standard apply to entities and financial statements in accordance with the application of the other Standards set out in AASB 1057 Application of Australian Accounting Standards.
This Standard applies to annual periods beginning on or after 1 January 2021. Earlier application is permitted.
This Standard uses underlining, striking out and other typographical material to identify an amendment to AASB 139, in order to make the amendment more understandable. However, that amendment does not include that underlining, striking out or other typographical material. Amendments inserting new text into the Standards are otherwise not underlined. Ellipses (…) are used to help provide the context within which amendments are made and also to indicate text that is not amended.