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

• March 2008 
  AASB 2008-3 Amendments to Australian Accounting Standards arising from AASB 3 and AASB 127 makes consequential amendments to paragraph 34(c). It is applicable from 1 July 2009, with early adoption permitted from 30 June 2007, provided the revised AASB 3 and the amendments to AASB 127 are also early adopted.

• The Board issued a discussion paper Preliminary Views on Insurance Contracts, in May 2007, and is working towards an exposure draft for April 2010, with a final standard expected in 2011.

• July 2004: AASB 4 was issued. The AASB adopted the requirements of IFRS 4 across three standards, the other two of which are AASB 1023 General Insurance Contracts and AASB 1038 Life Insurance Contracts.
 
 

• September 2005: AASB 2005-10 makes amendments as a result of the issuance of AASB 7 Financial Instruments: Disclosures and applies from 1 January 2007, with early adoption permitted from 1 January 2005.
 
 

• September 2005: AASB 2005-9 makes amendments in relation to financial guarantee contracts and applies from 1 January 2006, with early adoption permitted from 1 January 2005.
 
 

• April 2007: AASB 2007-4 makes editorial amendments to AASB 4 and is applicable from 1 July 2007, with early adoption permitted from 1 January 2005.
 
 

• June 2007: AASB 2007-7 deletes the implementation guidance and is applicable from 1 July 2007, with early adoption permitted from 1 January 2005.
 
 

• September 2007:AASB 2007-8 Amendments to Australian Accounting Standards arising from AASB 101 makes consequential amendments to paragraphs 30, 30A(a) and deletes paragraph 41B. It is applicable from 1 January 2009, with early application permitted, provided the revised AASB 101 is also early adopted.
 
 

• 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.
 
 

• April 2009:AASB 2009-2 Amendments to Australian Accounting Standards – Improving Disclosures about Financial Instruments makes consequential amendments as a result of the amendments to AASB 7 Financial Instruments: Disclosure which require enhanced disclosures about fair value measurements and liquidity risk. It is applicable to annual reporting periods commencing on or after 1 January 2009 that end on or after 30 April 2009, with early adoption permitted.