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Accounting standards

Introduction

This table lists in numeric order only the most recent version 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. Use the RDR early application versions page to find the non-mandatory RDR versions of Standards.

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 and Errata 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 and Errata.

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.

FP and NFP Versions

Some of the compiled versions listed below apply only to for-profit entities and some apply only to not-for-profit entities, as indicated by FP and NFP in the pronouncement number and by the title notes.  Separate FP and NFP versions are required due to the consolidation and joint arrangements set of Standards (including AASB 2011-7) being amended by AASB 2012-10 Amendments to Australian Accounting Standards – Transition Guidance and Other Amendments (December 2012) to apply to NFP entities for periods beginning on or after 1 January 2014, compared with 1 January 2013 for FP entities.  Standards and Interpretations amended by AASB 2011-7 thus also require FP and NFP versions.

Separate FP and NFP versions apply only to periods beginning on or after 1 January 2013 but before 1 January 2014.  For periods beginning on or after 1 January 2014, the FP version or an updated version will apply to both FP and NFP entities.

AASB Standards

AASB No. Title
Notes
Issue
Date
Operative
Date
1 (FP) First-time Adoption of Australian Accounting Standards [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
1 (NFP)  First-time Adoption of Australian Accounting Standards [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
2 (FP) Share-based Payment [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
2 (NFP)  Share-based Payment [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
3 (FP) Business Combinations [for for-profit entities] Compiled
Extra
Dec 2013 1 Jul 
2013
3 (NFP)  Business Combinations [for not-for-profit entities] Compiled
Extra
Dec 2013 1 Jul 
2013
4 Insurance Contracts Compiled
Extra
Sep 2012 1 Jan 
2013
5 (FP) Non-current Assets Held for Sale and Discontinued Operations [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
5 (NFP)  Non-current Assets Held for Sale and Discontinued Operations [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
6 Exploration for and Evaluation of Mineral Resources Compiled
Extra
Dec 2007 1 Jan
2009
7 (FP) Financial Instruments: Disclosures [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
7 (NFP)  Financial Instruments: Disclosures [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
8 Operating Segments Compiled
Extra
Dec 2012 1 Jul 
2013
9 Financial Instruments Compiled
Extra
Dec 2013 1 Jan
2017
10 (FP) Consolidated Financial Statements [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
11 (FP) Joint Arrangements [for for-profit entities] Compiled
Extra
Dec 2012 1 Jan 
2013
12 (FP) Disclosure of Interests in Other Entities [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
13 Fair Value Measurement Compiled
Extra
Dec 2012 1 Jul
2013
14 Regulatory Deferral Accounts Extra Jun 2014 1 Jan
2016
101 (FP) Presentation of Financial Statements [for for-profit entities] Compiled
Extra
Dec 2013 1 Jul
2013
101 (NFP) Presentation of Financial Statements [for not-for-profit entities] Compiled
Extra
Dec 2013 1 Jul
2013
102 Inventories Compiled
Extra
Dec 2012 1 Jul
2013
107 (FP) Statement of Cash Flows [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
107 (NFP) Statement of Cash Flows [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
108 Accounting Policies, Changes in Accounting Estimates and Errors Compiled
Extra
Dec 2013 1 Jul
2013
110 Events after the Reporting Period Compiled
Extra
Sep 2012 1 Jul
2013
111 Construction Contracts Compiled
Extra
Jun 2010 1 Jul
2013
112 (FP) Income Taxes [for for-profit entities] Compiled Dec 2012 1 Jul
2013
112 (NFP) Income Taxes [for not-for-profit entities] Compiled Dec 2012 1 Jul
2013
116 Property, Plant and Equipment Compiled
Extra
Sep 2012 1 Jul
2013
117 Leases Compiled
Extra
Sep 2012 1 Jul
2013
118 (FP) Revenue [for for-profit entities] Compiled Dec 2013 1 Jan
2013
118 (NFP) Revenue [for not-for-profit entities] Compiled Dec 2013 1 Jan
2013
119 Employee Benefits Compiled
Extra
Dec 2012 1 Jul
2013
120
Accounting for Government Grants and Disclosure of Government Assistance Compiled
Extra
Sep 2012 1 Jan
2013
121 (FP) The Effects of Changes in Foreign Exchange Rates [for for-profit entities]
Compiled
Extra
Dec 2012 1 Jul
2013
121 (NFP) The Effects of Changes in Foreign Exchange Rates [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
123 Borrowing Costs Compiled
Extra
Jun 2010 1 Jul
2013
124 (FP) Related Party Disclosures [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
124 (NFP) Related Party Disclosures [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
127 (FP)  Separate Financial Statements [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
127 (NFP) Consolidated and Separate Financial Statements [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
128 (FP)  Investments in Associates and Joint Ventures [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
128 (NFP) Investments in Associates [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
129 Financial Reporting in Hyperinflationary Economies Compiled
Extra
Jun 2009 1 Jan
2009
131 (NFP) Interests in Joint Ventures [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
132 (FP) Financial Instruments: Presentation [for for-profit entities]
Compiled
Extra
Dec 2012 1 Jan 
2013
132 (NFP) Financial Instruments: Presentation [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jan 
2013
133 (FP) Earnings per Share [for for-profit entities]
Compiled
Extra
Dec 2012 1 Jul 
2013
133 (NFP) Earnings per Share [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
134 Interim Financial Reporting
Compiled Dec 2013 1 Jul 
2013
136 (FP) Impairment of Assets [for for-profit entities]
Compiled
Extra
Dec 2012 1 Jul 
2013
136 (NFP) Impairment of Assets [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
137 Provisions, Contingent Liabilities and Contingent Assets Compiled Dec 2012 1 Jul
2013
138 (FP) Intangible Assets [for for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
138 (NFP) Intangible Assets [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul
2013
139 (FP)
Financial Instruments: Recognition and Measurement [for for-profit entities] Compiled
Extra
Dec 2012 1 Jan
2013
139 (NFP) Financial Instruments: Recognition and Measurement [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jan
2013
140
Investment Property
Compiled
Extra
Sep 2012 1 Jul
2013
141
Agriculture
Compiled
Extra
Sep 2012 1 Jul
2013
1004
Contributions
Compiled Sep 2012 1 Jan
2013
1023 (FP)
General Insurance Contracts [for for-profit entities] Compiled Dec 2013 1 Jan
2013
1023 (NFP) General Insurance Contracts [for not-for-profit entities] Compiled Dec 2013 1 Jan
2013
1031
Materiality

Dec 2013 1 Jan
2014
1038 (FP) Life Insurance Contracts [for for-profit entities] Compiled Dec 2013
1 Jan
2013
1038 (NFP) Life Insurance Contracts [for not-for-profit entities] Compiled Dec 2013 1 Jan
2013
1039
Concise Financial Reports
Compiled  Dec 2012 1 Jan
2013
1048
Interpretation of Standards
Dec 2013 Ending
20 Dec
2013
1049
Whole of Government and General Government Sector Financial Reporting Compiled Dec 2012 1 Jan
2013
1050
Administered Items
Compiled Jun 2010 1 Jul
2013
1051
Land Under Roads
Dec 2007 1 Jul
2008
1052
Disaggregated Disclosures
Compiled Jun 2010 1 Jul
2013
1053  Application of Tiers of Australian Accounting Standards  Jun 2010   1 Jul
2013 
1054 Australian Additional Disclosures Compiled May 2011   1 Jul
2013 
1055 Budgetary Reporting Mar 2013 1 Jul 
2014
1056 Superannuation Entities Jun 2014 1 Jul 
2016

Amending Pronouncements and Errata (not yet fully compiled)
 
2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010)
[AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 120, 121, 127, 128, 131, 132, 136, 137, 139, 1023 & 1038 and Interpretations 2, 5, 10, 12, 16, 19, 107 & 127]
Compiled
Extra
Sep 2012
1 Jan
2015
2011-7 (NFP) Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards 
[AASB 1, 2, 3, 5, 7, 101, 107, 112, 118, 121, 124, 132, 133, 136, 138, 139, 1023 & 1038 and Interpretations 5, 9, 16 & 17] [for not-for-profit entities]
Compiled
Extra
Dec 2012 1 Jan 
2014
2012-3 Amendments to Australian Accounting Standards – Offsetting Financial Assets and Financial Liabilities
[AASB 132]
Extra Jun 2012 1 Jan 
2014
2013-1 Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements Mar 2013 1 Jul
2014
2013-3 Amendments to AASB 136 – Recoverable Amount Disclosures for Non-Financial Assets Extra Jun 2013 1 Jan
2014
2013-4 Amendments to Australian Accounting Standards – Novation of Derivatives and Continuation of Hedge Accounting [AASB 139] Extra Jul 2013 1 Jan
2014
2013-5 Amendments to Australian Accounting Standards – Investment Entities
[AASB 1, AASB 3, AASB 7, AASB 10, AASB 12, AASB 107, AASB 112, AASB 124, AASB 127, AASB 132, AASB 134 & AASB 139]
Extra Aug 2013 1 Jan
2014
2013-6 Amendments to AASB 136 arising from Reduced Disclosure Requirements Sep 2013 1 Jan
2014
2013-7 Amendments to AASB 1038 arising from AASB 10 in relation to consolidation and interests of policyholders [AASB 1038] Oct 2013 1 Jan
2014
2013-8 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities – Control and Structured Entities
[AASB 10, AASB 12 & AASB 1049]
Oct 2013 1 Jan
2014
2013-9 Amendments to Australian Accounting Standards – Conceptual Framework, Materiality and Financial Instruments
[Operative dates:  Part A Conceptual Framework – 20 Dec 2013; Part B Materiality – 1 Jan 2014; Part C Financial Instruments – 1 Jan 2015] 
Extra Dec 2013 Refer Title column
2014-1 Amendments to Australian Accounting Standards
[Operative dates:  Parts A-C – 1 Jul 2014;
Part D – 1 Jan 2016; Part E – 1 Jan 2015]
Extra Jun 2014 Refer Title column
2014-2 Amendments to AASB 1053 – Transition to and between Tiers, and related Tier 2 Disclosure Requirements
[AASB 1053]
Jun 2014 1 Jul
2014
2014-3 Amendments to Australian Accounting Standards – Accounting for Acquisitions of Interests in Joint Operations
[AASB 1 & AASB 11]
Aug 2014 1 Jan
2016
2014-4 Amendments to Australian Accounting Standards – Clarification of Acceptable Methods of Depreciation and Amortisation
[AASB 116 & AASB 138]
Aug 2014 1 Jan
2016

Recent Amending Pronouncements and Errata (fully compiled)
 
2010-2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements
[AASB 1, 2, 3, 5, 7, 8, 101, 102, 107, 108, 110, 111, 112, 116, 117, 119, 121, 123, 124, 127, 128, 131, 133, 134, 136, 137, 138, 140, 141, 1050 & 1052 and Interpretations 2, 4, 5, 15, 17, 127, 129 & 1052] 

Jun 2010 1 Jul 
2013 
2010-10 Further Amendments to Australian Accounting Standards – Removal of Fixed Dates for First-time Adopters 
[AASB 2009-11 & AASB 2010-7] 
Extra Dec 2010 1 Jan 
2013 
2011-2 Amendments to Australian Accounting Standards arising from the Trans-Tasman Convergence Project – Reduced Disclosure Requirements
[AASB 101 & AASB 1054]
May 2011 1 Jul 
2013
2011-4 Amendments to Australian Accounting Standards to Remove Individual Key Management Personnel Disclosure Requirements
[AASB 124]
Dec 2012 1 Jul 
2013
2011-6 Amendments to Australian Accounting Standards – Extending Relief from Consolidation, the Equity Method and Proportionate Consolidation – Reduced Disclosure Requirements
[AASB 127, AASB 128 & AASB 131]
Jul 2011 1 Jul 
2013
2011-7 (FP) Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards
[AASB 1, 2, 3, 5, 7, 101, 107, 112, 118, 121, 124, 132, 133, 136, 138, 139, 1023 & 1038 and Interpretations 5, 9, 16 & 17] [for for-profit entities]
Compiled
Extra
Dec 2012 1 Jan
2013
2011-8 Amendments to Australian Accounting Standards arising from AASB 13
[AASB 1, 2, 3, 4, 5, 7, 101, 102, 108, 110, 116, 117, 118, 119, 120, 121, 128, 131, 132, 133, 134, 136, 138, 139, 140, 141, 1004, 1023 & 1038 and Interpretations 2, 4, 12, 13, 14, 17, 19, 131 & 132]
Compiled
Extra
Sep 2012 1 Jan
2013
2011-10 Amendments to Australian Accounting Standards arising from AASB 119 (September 2011)
[AASB 1, AASB 8, AASB 101, AASB 124, AASB 134, AASB 1049 & AASB 2011-8 and Interpretation 14]
Extra Sep 2011 1 Jan
2013
2011-11 Amendments to AASB 119 (September 2011) arising from Reduced Disclosure Requirements Sep 2011 1 Jul 
2013
2011-12 Amendments to Australian Accounting Standards arising from Interpretation 20
[AASB 1]
Nov 2011 1 Jan 
2013
2012-1 Amendments to Australian Accounting Standards - Fair Value Measurement - Reduced Disclosure Requirements 
[AASB 3, AASB 7, AASB 13, AASB 140 & AASB 141]
Mar 2012 1 Jul
2013
2012-2 Amendments to Australian Accounting Standards – Disclosures – Offsetting Financial Assets and Financial Liabilities
[AASB 7 & AASB 132]
Extra Jun 2012 1 Jan
2013
2012-4 Amendments to Australian Accounting Standards – Government Loans 
[AASB 1]
Extra Jun 2012 1 Jan 
2013
2012-5 Amendments to Australian Accounting Standards arising from Annual Improvements 2009–2011 Cycle
[AASB 1, AASB 101, AASB 116, AASB 132 & AASB 134 and Interpretation 2]
Extra Jun 2012 1 Jan 
2013
2012-6 Amendments to Australian Accounting Standards – Mandatory Effective Date of AASB 9 and Transition Disclosures
[AASB 9, AASB 2009-11, AASB 2010-7, AASB 2011-7 & AASB 2011-8]
Extra
Sep 2012
1 Jan
2013
2012-7 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements
[AASB 7, AASB 12, AASB 101 & AASB 127]
Sep 2012 1 Jul
2013
2012-9 Amendment to AASB 1048 arising from the Withdrawal of Australian Interpretation 1039 Dec 2012 1 Jan
2013
2012-10 Amendments to Australian Accounting Standards – Transition Guidance and Other Amendments
[AASB 1, 5, 7, 8, 10, 11, 12, 13, 101, 102, 108, 112, 118, 119, 127, 128, 132, 133, 134, 137, 1023, 1038, 1039, 1049 & 2011-7 and Interpretation 12]
Extra Dec 2012 1 Jan
2013
2012-11 Amendments to Australian Accounting Standards – Reduced Disclosure Requirements and Other Amendments 
[AASB 1, AASB 2, AASB 8, AASB 10, AASB 107, AASB 128, AASB 133, AASB 134 & AASB 2011-4]
Dec 2012 1 Jul
2013
2013-2 Amendments to AASB 1038 – Regulatory Capital Mar 2013 Ending
31 Mar
2013

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