Federal Register of Legislation - Australian Government

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AASB 120 Standards/Accounting & Auditing as made
This standard shall be applied in accounting for, and in the disclosure of, government grants and in the disclosure of other forms of government assistance. This standard becomes operative for financial statements covering periods beginning on or after 1 January 2018. Earlier application is permitted for periods beginning after 24 July 2014 but before 1 January 2018. If an entity applies the amendments for an earlier period it shall disclose that fact.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 18
Registered 30 Sep 2015
Tabling HistoryDate
Tabled HR12-Oct-2015
Tabled Senate12-Oct-2015