Accounting Standard AASB 2022-9 Amendments to Australian Accounting Standards – Insurance Contracts in the Public Sector (Cth)

AASB Standard AASB 2022-9 December 2022

Amendments to Australian Accounting Standards – Insurance Contracts in the Public Sector

Obtaining a copy of this Accounting Standard This Standard is available on the AASB website: www.aasb.gov.au.

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COPYRIGHT

© 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 2022-9 AMENDMENTS TO AUSTRALIAN ACCOUNTING STANDARDS – INSURANCE CONTRACTS IN THE PUBLIC SECTOR

from paragraph OBJECTIVE 1 APPLICATION 3 AMENDMENTS TO AASB 17 6 AMENDMENTS TO AASB 1050 16 REVERSAL OF TEMPORARY CONSEQUENTIAL AMENDMENTS SET OUT IN AASB 2022-8 17 COMMENCEMENT OF THE LEGISLATIVE INSTRUMENT 21 APPENDIX E Australian implementation guidance for public sector entities

BASIS FOR CONCLUSIONS

Australian Accounting Standard AASB 2022-9 Amendments to Australian Accounting Standards – Insurance Contracts in the Public Sector is set out in paragraphs 1 – 21. All the paragraphs have equal authority.

Preface

Standards amended by AASB 2022-9

This Standard makes amendments to AASB 17 Insurance Contracts (July 2017), AASB 1050 Administered Items (December 2007) and the other Standards listed in paragraph 2 of the Standard.

Main features of this Standard

Main requirements