Accounting Standard AASB 2022-10 Amendments to Australian Accounting Standards – Fair Value Measurement of Non-Financial Assets of Not-for-Profit Public Sector Entities (Cth)

AASB Standard AASB 2022-10 December 2022

Amendments to Australian Accounting Standards – Fair Value Measurement of Non-Financial Assets of Not-for-Profit Public Sector Entities

[AASB 13]

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© Commonwealth of Australia 2022

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission. Requests and enquiries concerning reproduction and rights should be addressed to The Managing Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.

ISSN 1036-4803

Contents

PREFACE ACCOUNTING STANDARD AASB 2022-10 AMENDMENTS TO AUSTRALIAN ACCOUNTING STANDARDS – FAIR VALUE MEASUREMENT OF NON-FINANCIAL ASSETS OF NOT-FOR-PROFIT PUBLIC SECTOR ENTITIES

from paragraph OBJECTIVE 1 APPLICATION 2 AMENDMENTS TO AASB 13 5 COMMENCEMENT OF THE LEGISLATIVE INSTRUMENT 9 APPENDIX F Australian implementation guidance for not-for-profit public sector entities Australian illustrative examples for not-for-profit public sector entities

BASIS FOR CONCLUSIONS

Australian Accounting Standard AASB 2022-10 Amendments to Australian Accounting Standards – Fair Value Measurement of Non-Financial Assets of Not-for-Profit Public Sector Entities is set out in paragraphs 1 – 9. All the paragraphs have equal authority.

Preface

Standards amended by AASB 2022-10 This Standard makes amendments to AASB 13 Fair Value Measurement (August 2015) for application by not-for-profit public sector entities.