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AASB 132
Standards/Accounting & Auditing as made
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This accounting standard establishes principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and financial liabilities. It applies to the classification of financial instruments, from the perspective of the issuer, into financial assets, financial liabilities and equity instruments; the classification of related interest, dividends, losses and gains; and the circumstances in which financial assets and financial liabilities should be offset. An entity shall apply this standard for annual 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 this standard for a period beginning before 1 January 2018, it shall disclose that fact.
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Administered by: Treasury
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Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 18
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