Australian Government
Australian Accounting Standards Board
Interpretations are issued by the AASB to provide requirements concerning urgent financial reporting issues. Since mid-2006, the AASB has direct responsibility for developing both Australian equivalents of IFRIC Interpretations and domestic Interpretations, thus replacing the former Urgent Issues Group (UIG).
AASB and UIG Interpretations apply no earlier than annual reporting periods beginning on or after 1 January 2005. The previous series of UIG Abstracts applied prior to then. All UIG Abstracts have been withdrawn.
AASB and UIG Interpretations are listed in Accounting Standard AASB 1048 Interpretation of Standards, giving them authority under the Corporations Act 2001 alongside the Standards. Interpretations (like the preceding Abstracts) are mandatory for members of CPA Australia, Chartered Accountants Australia and New Zealand and the Institute of Public Accountants, and as such must be consistently applied in the preparation and presentation of general purpose financial statements. Interpretations may also be given authority by other legislative or regulatory bodies, such as Commonwealth, State and Territory Treasuries or their equivalent.
The AASB formally approves or rejects proposed new Interpretations. A proposed Interpretation may be published on the web site for a period of time, but has no authority. An Interpretation approved by the AASB is now formally issued as an AASB Interpretation.
The tables previously published on this page of the website were no longer being updated, from the start of 2025. The versions of Interpretations that apply to periods beginning on or after 1 January 2025 are published only on the AASB’s Pronouncements Web Portal (standards.aasb.gov.au) – a.k.a. the Digital Standards Portal.
Therefore, the tables previously published on this page have been removed, and links provided to the portal where the corresponding information can be accessed or other location information provided. Deleting the tables avoids the risk of website users applying the Interpretations in the tables to incorrect reporting periods.
The portal provides all the versions that apply to periods beginning on or after 1 July 2021, not just the versions applying from 1 January 2025. The portal also links to supporting information, such as IFRS Interpretations Committee Agenda Decisions and AASB Staff FAQs.
The Browse for pronouncements search on this website still provides all the versions of the Interpretations that applied to any periods beginning on or after 1 January 2005 but before 1 January 2025. The Browse search is also not being updated and thus is now an archive of those historical versions.
The Interpretations period landing page on the Pronouncements Web Portal provides a listing of the versions of all of the Interpretations that apply to the presently specified “current reporting period”. The current reporting period is either a calendar year or a regular financial year, and is reset on the portal twice a year to support general usage of the portal.
The 2024/25 financial year is the presently specified current reporting period on the portal.
This page also has the following additional tabs:
The complete list of uncompiled amending Standards affecting Interpretations is provided on the portal as the first item (“List”) in the Future Periods listing on the Interpretations period landing page. Click first on the Future Periods tab and then on the “Amended By” downward arrowhead for the first item to open the current list of uncompiled amending Standards. The amending Standards are presented first in the order of their operative date and secondly in issue date order.
The Future Periods listing also provides a list of the uncompiled amending Standards for each Interpretation that has uncompiled amendments. Click on the “Amended By” downward arrowhead for the uncompiled amendments item for the Interpretation of interest.
The last version of this listing on the website did not list any recent amending Standards affecting Interpretations.
In the portal, all amending Standards affecting Interpretations that apply for the first time from dates after 1 January 2025 will be linked to the versions of the amended Interpretations in which the amendments are first compiled. The relevant amending Standards will be linked as related documents in the right-hand panel for the amended Interpretations, under the heading “Amendments incorporated in this Version”.
Amending Standards are also linked to the previous version of the amended Interpretations in the All Versions listings in the portal, where they are shown as “Subsequent Amending Pronouncements” in the “Amended By” information (click on the downward arrowhead). This presentation is similar to the Browse for Pronouncements search on this website.