Accounting Standard AASB 2022-7 Editorial Corrections to Australian Accounting Standards and Repeal of Superseded and Redundant Standards
Repeal of superseded and redundant StandRepeal of superseded and redundant Standards
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Repeal of superseded and redundant Standards
14 Each superseded Standard that is specified in Column 1 of the table in Schedule 1 is repealed.
15 Despite the repeal, each Standard in Column 1 of Schedule 1 continues to apply in relation to any period ending before the period in relation to which the corresponding Standard in Column 2 started to apply under section 334 of the Corporations Act, as if the repeal had not occurred.
16 Each redundant amending Standard that is specified in the table in Schedule 2 is repealed.
17 The repeal of a Standard by paragraph 16 does not affect:
(a) any amendment or repeal (however described) made by the Standard; or
(b) the continuing operation of any provision of the Standard made or expressed to be made for an application, saving or transitional purpose (or that makes provision consequential on or related to such a provision).