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AASB 2 - Share-based Payment

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Summary 
Developments, Key Differences & History 
Compared to IFRS 
Interpretations 
Rejection Notices 
Questions & Answers 
Articles 
AASB website 

 
Developments 
  • AASB Developments
       
    • December 2007 
      AASB 2007-10 Further Amendments to Australian Accounting Standards arising from AASB 101 makes further consequential amendments to change the term ‘general purpose financial report’ to ‘general purpose financial statements’ and the term ‘financial report’ to ‘financial statements’ to better align with IFRS terminology. It is applicable from 1 January 2009, with early application permitted, provided the revised AASB 101 is also early adopted.
      •  
       
    • February 2008  
      AASB 2008-1 Amendments to Australian Accounting Standards – Share-based Payments: Vesting Conditions and Cancellations clarifies that vesting conditions only include service conditions and performance conditions, and that all cancellations are accounted for in the same way. It is applicable from 1 January 2009, with early adoption permitted.
      •  
       
    • March 2008  
      AASB 2008-3 Amendments to Australian Accounting Standards arising from AASB 3 and AASB 127 makes some minor amendments and applies from 1 July 2009, with early adoption permitted from 30 June 2007, provided the revised AASB 3 and amended AASB 127 are also early adopted.
Key Differences 
There are no key differences available for this standard. 
 
History
  • July 2004: AASB 2 was issued. 
     
  • February 2007: AASB 2007-1 made various amendments to AASB 2, applicable from 1 March 2007, with early adoption permitted from 1 January 2005. 
     
  • April 2007: AASB 2007-4 amends paragraph IG12, applicable from 1 July 2007, with early adoption permitted from 1 January 2005. 
     
  • June 2007: AASB 2007-7 amends paragraph IG8, applicable from 1 July 2007, with early adoption permitted from 1 January 2005. 
     
  • September 2007: AASB 2007-8 amends paragraphs 1(b) and 1.1(c) in order to refer to ‘general purpose financial statements’ instead of ‘general purpose financial report’, in line with the revised AASV 101 Presentation of Financial Statements and is applicable from 1 January 2009, with early adoption permitted.
Compiled Standards 
A list of the omnibus amending standards that have affected this standard since its release are included here as is the date when the relevant changes become operative.  
 
Omnibus amending standards are available on the AASB website as are compiled standards incorporating omnibus amendments as soon as they are completed by the AASB. Details of the changes made by each omnibus are summarised in ANT and Charter’s "The Panel" as they are released. For a quick overview of the new material applying at 30 June 2008 click here.