Accounting Standards

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
Mar 2020 1 Jul
2021
3 Business Combinations Compiled
Extra
Mar 2020 1 Jul
2021
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
Mar 2020 1 Jul
2021
7 Financial Instruments: Disclosures Compiled
Extra
Sep 2020 1 Jul
2021
8 Operating Segments Compiled
Extra
Mar 2020 1 Jul
2021
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
Mar 2020 1 Jul
2021
14 Regulatory Deferral Accounts Compiled
Extra
May 2019 1 Jan 2020
15 Revenue from Contracts with Customers Compiled
Extra
Mar 2020 1 Jul
2021
16 Leases Compiled
Extra
Apr 2021 1 Apr 2021
17 Insurance Contracts Compiled
Extra
Jul 2020 1 Jan 2023
101 Presentation of Financial Statements Compiled
Extra
Mar 2020 1 Jul
2021
102 Inventories Compiled
Extra
Mar 2020 1 Jul
2021
107 Statement of Cash Flows Compiled
Extra
Mar 2020 1 Jul
2021
108 Accounting Policies, Changes in Accounting Estimates and Errors Compiled
Extra
Mar 2020 1 Jul
2021
110 Events after the Reporting Period Compiled
Extra
Mar 2020 1 Jul
2021
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
Mar 2020 1 Jul
2021
116 Property, Plant and Equipment Compiled
Extra
Mar 2020 1 Jul
2021
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
Mar 2020 1 Jul
2021
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
Mar 2020 1 Jul
2021
123 Borrowing Costs Compiled
Extra
Mar 2020 1 Jul
2021
124 Related Party Disclosures Compiled
Extra
Mar 2020 1 Jul
2021
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  
132 Financial Instruments: Presentation Compiled
Extra
May 2019 1 Jan 2020
133 Earnings per Share Compiled
Extra
Mar 2020 1 Jul
2021
134 Interim Financial Reporting Compiled
Extra
Mar 2020 1 Jul
2021
136 Impairment of Assets Compiled
Extra
Mar 2020 1 Jul
2021
137 Provisions, Contingent Liabilities and Contingent Assets Compiled Mar 2020 1 Jul
2021
138 Intangible Assets Compiled
Extra
Mar 2020 1 Jul
2021
139 Financial Instruments: Recognition and Measurement Compiled
Extra
Sep 2020 1 Jan 2021
140 Investment Property Compiled
Extra
Mar 2020 1 Jul
2021
141 Agriculture Compiled
Extra
Mar 2020 1 Jul
2021
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)
 
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
AASB 17 Insurance Contracts (Appendix D) Extra Jul 2020 1 Jan 2023
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
2020-9 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
2021-2 Amendments to Australian Accounting Standards – Disclosure of Accounting Policies and Definition of Accounting Estimates Extra Mar 2021 1 Jan 2023
2021-4 Amendments to Australian Accounting Standards – Modified Retrospective Transition Approach for Service Concession Grantors   Jun 2021 Ending
30 Jun
2021
2021-5 Amendments to Australian Accounting Standards – Deferred Tax related to Assets and Liabilities arising from a Single Transaction Extra Jun 2021 1 Jan 
2023

Recent Amending Pronouncements (fully compiled)
 
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
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
AASB 1059 Service Concession Arrangements: Grantors (Appendix D)   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
2019-7 Amendments to Australian Accounting Standards – Disclosure of GFS Measures of Key Fiscal Aggregates and GAAP/GFS Reconciliations   Dec 2019 1 Jan 2020
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
2020-8 Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform – Phase 2 Extra Sep 2020 1 Jan 2021
2021-3 Amendments to Australian Accounting Standards – Covid-19-Related Rent Concessions beyond 30 June 2021 Extra Apr 2021 1 Apr 2021
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