Accounting Standard AASB 2020-8 Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform – Phase 2
Standards amended by AASB 2020-8Standards amended by AASB 2020-8
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Standards amended by AASB 2020-8
This Standard makes amendments to the following Australian Accounting Standards:
(a) AASB 4 Insurance Contracts (August 2015);
(b) AASB 7 Financial Instruments: Disclosures (August 2015);
(c) AASB 9 Financial Instruments (December 2014);
(d) AASB 16 Leases (February 2016); and
(e) AASB 139 Financial Instruments: Recognition and Measurement (August 2015).
These amendments arise from the issuance of International Financial Reporting Standard Interest Rate Benchmark Reform—Phase 2 by the International Accounting Standards Board (IASB) in August 2020.