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Accounting standards

Introduction

This table lists in numeric order only the latest version (by operative date) of each Accounting Standard. Some of these versions will apply mandatorily only to future reporting periods, but may be applied early. Use the Search pronouncements by reporting period page to find the version of each Standard that applies to any particular reporting period.

Where a Standard has been amended and a compiled version has been prepared, the compiled version is listed below. The original Standard (including the Preface) and any previous compiled version can be found using the Browse for pronouncements page (select "no" for "Show only most recent"). Amending Pronouncements not yet fully compiled are listed below, as well as those that have been compiled for recent periods. Use the Search for a specific document page to find individual, or lists of, Amending Pronouncements.

The Notes column below identifies when the Standard listed is a compiled version. "Extra" identifies when additional IASB supporting material (e.g. Basis for Conclusions) is available. The date shown in the Issue Date column is either the date the Standard was made by the AASB or the date of the most recent amendment by the AASB included in the compiled version. The Operative Date indicates the beginning (or end) of the first annual reporting period to which the version of the Standard applies.

AASB Standards

AASB No.Title
Notes
Issue
Date		Operative
Date
1 First-time Adoption of Australian Accounting Standards Compiled
Extra		 Dec 2018 1 Jan
2019
2 Share-based Payment Compiled
Extra		 May 2019 1 Jan
2020
3 Business Combinations Compiled
Extra		 May 2019 1 Jan
2020
4 Insurance Contracts Compiled
Extra		 Sep 2020 1 Jan
2021
5 Non-current Assets Held for Sale and Discontinued Operations Extra Aug 2015 1 Jan
2018
6 Exploration for and Evaluation of Mineral Resources Compiled
Extra		 May 2019 1 Jan
2020
7 Financial Instruments: Disclosures Compiled
Extra		 Sep 2020 1 Jan
2021
8 Operating Segments Compiled
Extra		 May 2019 1 Jan
2020
9 Financial Instruments Compiled
Extra		 Sep 2020 1 Jan
2021
10 Consolidated Financial Statements Compiled
Extra		 May 2019 1 Jan 
2020
11 Joint Arrangements Compiled
Extra		 Feb 2018 1 Jan
2019
12 Disclosure of Interests in Other Entities Compiled
Extra		 May 2019 1 Jan
2020
13 Fair Value Measurement Compiled
Extra		 Feb 2016 1 Jan
2019
14 Regulatory Deferral Accounts Compiled
Extra		 May 2019 1 Jan
2020
15 Revenue from Contracts with Customers Compiled
Extra		 Dec 2019 1 Jan
2019
16 Leases Compiled
Extra		 Sep 2020 1 Jan
2021
17 Insurance Contracts Compiled
Extra
 Jul 2020 1 Jan
2023
101 Presentation of Financial Statements Compiled
Extra		 May 2019 1 Jan
2020
102 Inventories Compiled
Extra		 Dec 2016 1 Jan
2019
107 Statement of Cash Flows Compiled
Extra
 Mar 2016 1 Jan
2019
108 Accounting Policies, Changes in Accounting Estimates and Errors Compiled
Extra		 May 2019 1 Jan
2020
110 Events after the Reporting Period Compiled
Extra		 May 2019 1 Jan
2020
111 Construction Contracts
[superseded by AASB 15 for for-profit entities for periods beginning on or after 1 January 2018 and for NFP entities for periods beginning on or after 1 January 2019]		 Compiled
Extra		 Dec 2016 1 Jul 
2015
112 Income Taxes Compiled
Extra		 May 2019 1 Jan
2020
116 Property, Plant and Equipment Compiled
Extra		 May 2019 1 Jan
2020
117 Leases
[superseded by AASB 16 Leases for periods beginning on or after 1 January 2019] 		 Extra Aug 2015 1 Jan
2016
118 Revenue
[superseded by AASB 15 for for-profit entities for periods beginning on or after 1 January 2018 and for NFP entities for periods beginning on or after 1 January 2019] 		 Compiled Dec 2016 1 Jan
2018
119 Employee Benefits Compiled
Extra		 May 2019 1 Jan
2020
120
 Accounting for Government Grants and Disclosure of Government Assistance Extra
 Aug 2015 1 Jan
2018
121 The Effects of Changes in Foreign Exchange Rates
 Compiled
Extra		 May 2019 1 Jan
2020
123 Borrowing Costs Compiled
Extra		 Feb 2018 1 Jan
2019
124 Related Party Disclosures Compiled
Extra		 May 2019 1 Jan
2020
127 Separate Financial Statements Extra Aug 2015 1 Jan
2016
128 Investments in Associates and Joint Ventures Compiled
Extra		 May 2019 1 Jan
2020
129 Financial Reporting in Hyperinflationary Economies Extra
 Aug 2015 1 Jan
2016
132 Financial Instruments: Presentation
 Compiled
Extra		 May 2019 1 Jan
2020
133 Earnings per Share
 Compiled
Extra		 May 2019 1 Jan
2020
134 Interim Financial Reporting Compiled
Extra		 May 2019 1 Jan
2020
136 Impairment of Assets
 Compiled
Extra		 Dec 2016 1 Jan
2019
137 Provisions, Contingent Liabilities and Contingent Assets Compiled
 May 2019 1 Jan
2020
138 Intangible Assets Compiled
Extra		 May 2019 1 Jan
2020
139
 Financial Instruments: Recognition and Measurement Compiled
Extra		 Sep 2020 1 Jan
2021
140
 Investment Property
 Compiled
Extra		 May 2019 1 Jan
2020
141
 Agriculture
 Compiled
Extra		 Dec 2016 1 Jan
2019
1004
 Contributions
 Compiled Dec 2016 1 Jan
2019
1023
 General Insurance Contracts
 Compiled May 2019 1 Jan
2020
1038 Life Insurance Contracts Compiled May 2019
 1 Jan
2020
1039
 Concise Financial Reports
 Compiled  Dec 2016 1 Jan 
2019
1048 Interpretation of Standards Dec 2020 Ending
31 Dec
2020
1049
 Whole of Government and General Government Sector Financial Reporting Compiled Dec 2019 1 Jan 
2020
1050
 Administered Items
 Compiled Dec 2013 1 Jan
2014
1051
 Land Under Roads
 Compiled July 2017 1 Jan
2020
1052
 Disaggregated Disclosures
 Compiled Jun 2014 1 Jul 
2014
1053  Application of Tiers of Australian Accounting Standards  Compiled May 2019 1 Jan 
2020
1054 Australian Additional Disclosures Compiled Nov 2019 1 Jan
2020
1055 Budgetary Reporting Compiled May 2019 1 Jan
2020
1056 Superannuation Entities Compiled May 2019 1 Jan
2020
1057 Application of Australian Accounting Standards Compiled May 2019 1 Jan
2020
1058 Income of Not-for-Profit Entities Compiled Dec 2019 1 Jan
2019 
1059 Service Concession Arrangements: Grantors Compiled Sep 2019 1 Jan
2020
1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities Mar 2020 1 Jul
2021

Amending Pronouncements (not yet fully compiled)
 
2014-5 Amendments to Australian Accounting Standards arising from AASB 15 Extra Dec 2014 1 Jan
2018
2015-8 Amendments to Australian Accounting Standards – Effective Date of AASB 15 Oct 2015 1 Jan
2018
AASB 16 Leases (Appendix D) Extra Feb 2016 1 Jan
2019

2016-1 

NFP

 Amendments to Australian Accounting Standards – Recognition of Deferred Tax Assets for Unrealised Losses
[AASB 112]		 Extra Feb 2016 1 Jan
2017

2016-4

NFP

 Amendments to Australian Accounting Standards – Recoverable Amount of Non-Cash-Generating Specialised Assets of Not-for-Profit Entities Jun 2016 1 Jan
2017

2016-6

NFP

 Amendments to Australian Accounting Standards – Applying AASB 9 Financial Instruments with AASB 4 Insurance Contracts Extra Oct 2016 1 Jan
2018 
AASB 1058 Income of Not-for-Profit Entities (Appendix D) Dec 2016 1 Jan
2019 
2016-7 Amendments to Australian Accounting Standards – Deferral of AASB 15 for Not-for-Profit Entities Dec 2016 1 Jan
2018 
2017-1
NFP		 Amendments to Australian Accounting Standards – Transfers of Investment Property, Annual Improvements 2014-2016 Cycle and Other Amendments Extra Feb 2017 1 Jan
2019

2017-3

NFP

 Amendments to Australian Accounting Standards – Clarifications to AASB 4 Jul 2017 1 Jan
2018
AASB 17 Insurance Contracts (Appendix D) Extra Jul 2017 1 Jan
2023
AASB 1059 Service Concession Arrangements: Grantors (Appendix D) Jul 2017 1 Jan
2020
2017-5 Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections Dec 2017 1 Jan
2018
2018-6 Amendments to Australian Accounting Standards – Definition of a Business Extra Dec 2018 1 Jan
2020
2018-7 Amendments to Australian Accounting Standards – Definition of Material Extra Dec 2018 1 Jan
2020
2018-8 Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit Entities Dec 2018 1 Jan
2019
2019-1 Amendments to Australian Accounting Standards – References to the Conceptual Framework Extra May 2019 1 Jan
2020
2019-2 Amendments to Australian Accounting Standards – Implementation of AASB 1059 Sep 2019 1 Jan
2020
2019-3 Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform Extra Oct 2019 1 Jan
2020
2019-4 Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements Nov 2019 Ending
30 Jun
2020
2019-5 Amendments to Australian Accounting Standards - Disclosure of the Effect of New IFRS Standards Not Yet Issued in Australia Nov 2019 1 Jan
2020
 
2019-6 Amendments to Australian Accounting Standards – Research Grants and Not-for-Profit Entities Dec 2019 1 Jan
2019
 
2019-7 Amendments to Australian Accounting Standards – Disclosure of GFS Measures of Key Fiscal Aggregates and GAAP/GFS Reconciliations Dec 2019 1 Jan
2020
2019-8 Amendments to Australian Accounting Standards – Class of Right-of-Use Assets arising under Concessionary Leases Dec 2019 1 Jan
2019
2020-1 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current
 Extra Mar 2020 1 Jan
2023
2020-2 Amendments to Australian Accounting Standards – Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities Mar 2020 1 Jul
2021
AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities (Appendix C) Mar 2020 1 Jul
2021
2020-3 Amendments to Australian Accounting Standards – Annual Improvements 2018–2020 and Other Amendments Extra Jun 2020 1 Jan
2022
2020-4 Amendments to Australian Accounting Standards – Covid-19-Related Rent Concessions Extra Jun 2020 1 Jun
2020
2020-5 Amendments to Australian Accounting Standards – Insurance Contracts Extra Jul 2020 1 Jan
2021
2020-6 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current – Deferral of Effective Date Extra Aug 2020 1 Jan
2022
2020-7 Amendments to Australian Accounting Standards – Covid-19-Related Rent Concessions: Tier 2 Disclosures Aug 2020 1 Jul
2021
2020-8 Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform – Phase 2 Extra Sep 2020 1 Jan
2021
2020-9 Amendments to Australian Accounting Standards – Tier 2 Disclosures: Interest Rate Benchmark Reform (Phase 2) and Other Amendments Dec 2020 1 Jul
2021
2021-1 Amendments to Australian Accounting Standards –  Transition to Tier 2: Simplified Disclosures for Not-for-Profit Entities
Mar 2021 1 Jul
2021

Recent Amending Pronouncements (fully compiled)
 
2014-1 Amendments to Australian Accounting Standards
[Operative dates:  Parts A-C – 1 Jul 2014;
Part D – 1 Jan 2016; Part E – 1 Jan 2018]
[Part E amendments superseded by AASB 9 (2014) or new principal versions of Standards issued in July and August 2015] 		 Extra Jun 2014 Refer Title column
2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014)
[Superseded by new principal versions of Standards issued in July and August 2015] 		 Extra Dec 2014 1 Jan
2018

2016-1 

FP

 Amendments to Australian Accounting Standards – Recognition of Deferred Tax Assets for Unrealised Losses
[AASB 112]		 Extra Feb 2016 1 Jan 2017
2016-3 Amendments to Australian Accounting Standards – Clarifications to AASB 15 Extra May 2016 1 Jan
2018

2016-4

FP

 Amendments to Australian Accounting Standards – Recoverable Amount of Non-Cash-Generating Specialised Assets of Not-for-Profit Entities Jun 2016 1 Jan 2017
2016-5 Amendments to Australian Accounting Standards – Classification and Measurement of Share-based Payment Transactions Extra Jul 2016 1 Jan
2018

2016-6

FP

 Amendments to Australian Accounting Standards – Applying AASB 9 Financial Instruments with AASB 4 Insurance Contracts Extra Oct 2016 1 Jan 2018
2016-8 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities Dec 2016 1 Jan 2019
2017-1
FP		 Amendments to Australian Accounting Standards – Transfers of Investment Property, Annual Improvements 2014-2016 Cycle and Other Amendments Extra Feb 2017 1 Jan
2018

2017-3

FP

 Amendments to Australian Accounting Standards – Clarifications to AASB 4 Jul 2017 1 Jan 2018
2017-4 Amendments to Australian Accounting Standards – Uncertainty over Income Tax Treatments Jul 2017 1 Jan 2019
2017-6 Amendments to Australian Accounting Standards – Prepayment Features with Negative Compensation Extra Dec 2017 1 Jan 2019
2017-7 Amendments to Australian Accounting Standards – Long-term Interests in Associates and Joint Ventures Extra Dec 2017 1 Jan 2019
2018-1 Amendments to Australian Accounting Standards – Annual Improvements 2015–2017 Cycle Extra Feb 2018 1 Jan 2019
2018-2 Amendments to Australian Accounting Standards – Plan Amendment, Curtailment or Settlement Extra Mar 2018 1 Jan 2019
2018-3 Amendments to Australian Accounting Standards – Reduced Disclosure Requirements Aug 2018 1 Jan 2019
2018-4 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Public Sector Licensors Sep 2018 1 Jan 2019
2018-5 Amendments to Australian Accounting Standards - Deferral of AASB 1059 Oct 2018 1 Jan 2019

AAS Standards

AAS
No.		 Title
 Notes
 Issue
Date		 Operative
Date
25
 Financial Reporting by Superannuation Plans
[superseded by AASB 1056 Superannuation Entities for periods beginning on or after 1 July 2016]		 Compiled
 Dec
2013		 1 Jan
2014