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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 First-time Adoption of Australian Accounting Standards Compiled
Extra
Dec 2013 1 Jan
2014
2 Share-based Payment Compiled
Extra
Jun 2014 1 Jul 
2014
3 Business Combinations Compiled
Extra
Jun 2014 1 Jul 
2014
4 Insurance Contracts Compiled
Extra
Dec 2013 1 Jan 
2014
5 Non-current Assets Held for Sale and Discontinued Operations Compiled
Extra
Dec 2013 1 Jan 
2014
6 Exploration for and Evaluation of Mineral Resources Compiled
Extra
Jan 2015 1 Jul 
2015
7 Financial Instruments: Disclosures Compiled
Extra
Dec 2013 1 Jan
2014
8 Operating Segments Compiled
Extra
Jun 2014 1 Jul 
2014
9 Financial Instruments Extra Dec 2014 1 Jan
2018
10 Consolidated Financial Statements Compiled
Extra
Jan 2015 1 Jul 
2015
11 Joint Arrangements Compiled
Extra
Jan 2015 1 Jul 
2015
12 Disclosure of Interests in Other Entities Compiled
Extra
Jan 2015 1 Jul 
2015
13 Fair Value Measurement Compiled
Extra
Jun 2014 1 Jul 
2014
14 Regulatory Deferral Accounts Extra Jun 2014 1 Jan
2016
15 Revenue from Contracts with Customers Extra Dec 2014 1 Jan
2017
101 Presentation of Financial Statements Compiled
Extra
Dec 2013 1 Jan
2014
102 Inventories Compiled
Extra
Dec 2013 1 Jan
2014
107 Statement of Cash Flows Compiled
Extra
Jan 2015 1 Jul 
2015
108 Accounting Policies, Changes in Accounting Estimates and Errors Compiled
Extra
Jan 2015 1 Jul 
2015
110 Events after the Reporting Period Compiled
Extra
Jan 2015 1 Jul 
2015
111 Construction Contracts Compiled
Extra
Jan 2015 1 Jul 
2015
112 Income Taxes Compiled Dec 2013 1 Jan
2014
116 Property, Plant and Equipment Compiled
Extra
Jun 2014 1 Jul 
2014
117 Leases Compiled
Extra
Jan 2015 1 Jul 
2015
118 Revenue Compiled Dec 2013 1 Jan
2014
119 Employee Benefits Compiled
Extra
Jun 2014 1 Jul 
2014
120
Accounting for Government Grants and Disclosure of Government Assistance Compiled
Extra
Dec 2013 1 Jan
2014
121 The Effects of Changes in Foreign Exchange Rates
Compiled
Extra
Dec 2013 1 Jan
2014
123 Borrowing Costs Compiled
Extra
Jan 2015 1 Jul 
2015
124 Related Party Disclosures Compiled
Extra
Jun 2014 1 Jul 
2014
127 Separate Financial Statements Compiled
Extra
Jan 2015 1 Jul 
2015
128 Investments in Associates and Joint Ventures Compiled
Extra
Jan 2015 1 Jul 
2015
129 Financial Reporting in Hyperinflationary Economies Compiled
Extra
Jan 2015 1 Jul 
2015
131 (NFP) Interests in Joint Ventures [for not-for-profit entities] Compiled
Extra
Dec 2012 1 Jul 
2013
132 Financial Instruments: Presentation
Compiled
Extra
Dec 2013 1 Jan 
2014
133 Earnings per Share
Compiled
Extra
Jan 2015 1 Jul 
2015
134 Interim Financial Reporting
Compiled Dec 2013 1 Jan
2014
136 Impairment of Assets
Compiled
Extra
Dec 2013 1 Jan
2014
137 Provisions, Contingent Liabilities and Contingent Assets Compiled Jun 2014 1 Jul 
2014
138 Intangible Assets Compiled
Extra
Jun 2014 1 Jul 
2014
139
Financial Instruments: Recognition and Measurement Compiled
Extra
Jun 2014 1 Jul 
2014
140
Investment Property
Compiled
Extra
Jun 2014 1 Jul 
2014
141
Agriculture
Compiled
Extra
Jan 2015 1 Jul 
2015
1004
Contributions
Compiled Jan 2015 1 Jul 
2015
1023
General Insurance Contracts Compiled Dec 2013 1 Jan
2014
1031
Materiality

Dec 2013 1 Jan
2014
1038 Life Insurance Contracts Compiled Dec 2013
1 Jan
2014
1039
Concise Financial Reports
Compiled  Jan 2015 1 Jul 
2015
1048
Interpretation of Standards
Dec 2013 Ending
20 Dec
2013
1049
Whole of Government and General Government Sector Financial Reporting Compiled Dec 2013 1 Jul 
2014
1050
Administered Items
Compiled Dec 2013 1 Jan
2014
1051
Land Under Roads
Dec 2013 1 Jan
2014
1052
Disaggregated Disclosures
Compiled Jun 2014 1 Jul 
2014
1053  Application of Tiers of Australian Accounting Standards  Jan 2015 1 Jul 
2015
1054 Australian Additional Disclosures Compiled Jan 2015 1 Jul 
2015
1055 Budgetary Reporting Dec 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
2018
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]
Extra Jun 2014 Refer Title column
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
2014-5 Amendments to Australian Accounting Standards arising from AASB 15 Extra Dec 2014 1 Jan
2017
2014-6 Amendments to Australian Accounting Standards – Agriculture: Bearer Plants
[AASB 101, AASB 116, AASB 117, AASB 123, AASB 136, AASB 140 & AASB 141]
Extra Dec 2014 1 Jan
2016
2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014) Extra Dec 2014 1 Jan
2018
2014-9 Amendments to Australian Accounting Standards – Equity Method in Separate Financial Statements 
[AASB 1, 127 & 128]
Extra Dec 2014 1 Jan
2016
2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
[AASB 10 & AASB 128]
Extra Dec 2014 1 Jan
2016
2015-1 Amendments to Australian Accounting Standards – Annual Improvements to Australian Accounting Standards 2012–2014 Cycle
[AASB 1, AASB 2, AASB 3, AASB 5, AASB 7, AASB 11, AASB 110, AASB 119, AASB 121, AASB 133, AASB 134, AASB 137 & AASB 140]
Extra Jan 2015 1 Jan
2016
2015-2 Amendments to Australian Accounting Standards – Disclosure Initiative: Amendments to AASB 101
[AASB 7, AASB 101, AASB 134 & AASB 1049]
Extra Jan 2015 1 Jan
2016
2015-5 Amendments to Australian Accounting Standards – Investment Entities: Applying the Consolidation Exception
[AASB 10, AASB 12 & AASB 128]
Extra Jan 2015 1 Jan
2016
2015-6 Amendments to Australian Accounting Standards – Extending Related Party Disclosures to Not-for-Profit Public Sector Entities
[AASB 10, AASB 124 & AASB 1049]
Mar 2015 1 Jul
2016

Recent Amending Pronouncements and Errata (fully compiled)
 
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]
Dec 2013 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
2014-8 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014) – Application of AASB 9 (December 2009) and AASB 9 (December 2010)
[AASB 9 (2009 & 2010)]
Dec 2014 1 Jan
2015
2015-3 Amendments to Australian Accounting Standards arising from the Withdrawal of AASB 1031 Materiality Jan 2015 1 Jul
2015
2015-4 Amendments to Australian Accounting Standards – Financial Reporting Requirements for Australian Groups with a Foreign Parent
[AASB 127 & AASB 128]
Jan 2015 1 Jul
2015
ERR AASB 10 Investment Entities Sep 2014 1 Jan
2014

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