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 All UIG Abstracts have been withdrawn.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.

Table of AASB & UIG Interpretations

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

Where an Interpretation has been amended and a compiled version has been prepared, the compiled version is listed below. The original Interpretation 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 Interpretation listed is a compiled version. The date shown in the Issue Date column is either the date the Interpretation was approved 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 Interpretation applies.

AASB & UIG Interpretations

Int. No. Title Notes Issue Date Operative Date
1 Changes in Existing Decommissioning, Restoration and Similar Liabilities Compiled Feb 2016 1 Jan 2019
2 Members’ Shares in Co-operative Entities and Similar Instruments Compiled Dec 2021 1 Jan 2022
5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds Compiled Dec 2021 1 Jan
6 Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment   Aug 2015 1 Jan 2016
7 Applying the Restatement Approach under AASB 129 Financial Reporting in Hyperinflationary Economies   Aug 2015 1 Jan 2016
10 Interim Financial Reporting and Impairment   Aug 2015 1 Jan 2018
12 Service Concession Arrangements Compiled May 2019 1 Jan 2020
14 AASB 119 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction   Aug 2015 1 Jan 2016
16 Hedges of a Net Investment in a Foreign Operation Compiled Dec 2021 1 Jan 2022
17 Distributions of Non-cash Assets to Owners Compiled Dec 2021 1 Jan 2022
19 Extinguishing Financial Liabilities with Equity Instruments Compiled May 2019 1 Jan 2020
20 Stripping Costs in the Production Phase of a Surface Mine Compiled May 2019 1 Jan 2020
21 Levies   Aug 2015 1 Jan 2016
22 Foreign Currency Transactions and Advance Consideration Compiled May 2019 1 Jan 2020
23 Uncertainty over Income Tax Treatments Compiled Dec 2021 1 Jan 2022
107 Introduction of the Euro   Aug 2015 1 Jan 2018
110 Government Assistance – No Specific Relation to Operating Activities   Aug 2015 1 Jan 2016
125 Income Taxes – Changes in the Tax Status of an Entity or its Shareholders   Aug 2015 1 Jan 2016
129 Service Concession Arrangements: Disclosures Compiled Dec 2021 1 Jan 2022
132 Intangible Assets – Web Site Costs Compiled Dec 2021 1 Jan 2022
1003 Australian Petroleum Resource Rent Tax Compiled May 2019 1 Jan 2020
1019 The Superannuation Contributions Surcharge Compiled May
1 Jan 2020
1030 Depreciation of Long-Lived Physical Assets: Condition-Based Depreciation and Related Methods Compiled Dec 2013 1 Jan 2014
1031 Accounting for the Goods and Services Tax (GST) Compiled May
1Jan 2020
1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities   May
1 Jan 2020
1047 Professional Indemnity Claims Liabilities in Medical Defence Organisations
[superseded by AASB 17 for periods beginning on or after 1 January 2023]
Compiled May 2019 1 Jan 2020
1052 Tax Consolidation Accounting Compiled Dec 2021 1 Jan 2022
1055 Accounting for Road Earthworks Compiled Dec 2013 1 Jan 2014
  Amending Standards affecting Interpretations (not yet fully compiled)      
18 Presentation and Disclosure in Financial Statements (Appendix D)   Jun 2024 1 Jan 2027
  Recent Amending Standards affecting Interpretations (fully compiled)
2021-7a Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections   Dec 2021 1 Jan 2022
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