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AASB 3 - Business Combinations (Revised)
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Summary 
Developments, Key Differences & History 
Compared to IFRS 
Interpretations 
Rejection Notices 
Questions & Answers 
Articles 
AASB website 

 
AASB 3 (revised) compared to IFRS 3 (revised) 
 
Additions  
Aus 1.1  
Which entities AASB 3 applies to, ie. reporting entities and general purpose financial reports.  
Aus 1.2  
The application date of AASB 3, ie. annual reporting periods beginning 1 January 2005.  
Aus 1.3  
Permits early application of AASB 3 only from 30 June 2007.  
Aus 1.4  
Makes the requirements of AASB 3 subject to AASB 1031 Materiality.  
Aus 1.5  
Explains which Australian Standards have been superseded by AASB 3.  
Aus 2.1  
Clarifies that a restructure of administrative arrangements per AASB 1004 Contributions, is outside the scope.  
App AusB68  
Transitional provisions  
 
Deletions 
64  
Effective date of IFRS 3 
68  
Withdrawal of IFRS 3 (2004) deleted  
App B68  
Transitional provisions of IFRS 3