This accounting standard improves the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. This standard applies to 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.
Sunsetting
Most legislative instruments will sunset 10 years after commencement under Chapter 3, Part 4 of the of the Legislation Act 2003.
Australian Government
This accounting standard improves the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. This standard applies to 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.