The AASB has issued AASB 2009-2 (PDF) Amendments to Australian Accounting Standards – Improving Disclosures about Financial Instruments and AASB 2009-3 (PDF) Amendments to Australian Accounting Standards – Embedded Derivatives. 
 
AASB 2009-2 arises from the issuance of Improving Disclosures about Financial Instruments (Amendments to IFRS 7) by the IASB in March 2009. It requires enhanced disclosures about fair value measurements and liquidity risk. 
 
AASB 2009-3 arises from the issuance of Embedded Derivatives (Amendments to IFRIC 9 and IAS 39) by the IASB in March 2009. It clarifies the requirements in AASB 139 and Interpretation 9 in relation to the treatment of embedded derivatives within a host contract that an entity chooses to reclassify out of the fair value through profit or loss category in accordance with the amendments made to AASB 139 in October 2008. 
 
For more details, go to the media release on the AASB website.