Register / AASB 2026-2 Amendments to Australian Accounting Standards / AASB 2026-2 paragraph 31
Restore the Australian defined terms subheading
The Australian defined terms subheading is reinstated in Appendix A of AASB 18, so the Australian defined terms sit under a named heading again.
Why the paragraph exists
The higher education provider definition added by this instrument sits under that subheading, so the heading has to exist.
In practice
Update the accounting manual extract for Appendix A so the Australian defined terms sit under the restored heading. The higher education provider definition depends on it.
A structural change is easy to leave in the manual while the working papers use the old extract. Reissue the extract with a version date.
The mistake to avoid
The common mistake is to treat a subheading repair as having no effect on the manual.
Who it binds
Any entity applying AASB 18 Appendix A.
What to do before the date
- Confirm the entity falls in this group: For-profit entity, NFP private sector, NFP public sector, NFP higher education provider, Superannuation entity and Government (AASB 1049).
- Put the requirement into the financial statements preparation plan: restore the australian defined terms subheading.
- Open a workpaper for the first evidence item: The AASB 18 Appendix A extract used in the accounting manual, showing the Australian defined terms subheading.
Evidence an auditor will ask for
Dates
| Date | What it means | Applies to |
|---|---|---|
| 2027-12-31 | The instrument commences for this paragraph | All in-scope entities |
| 2028-01-01 | First annual periods beginning on or after this date apply the Standard | All in-scope entities |
Commencement and application are separate tests.
Cross-references
- AASB 18 Appendix A
- AASB 2026-4 paragraph 25
Record note
This is a structural repair to AASB 18 and affects no number in the financial statements.
Questions
What does AASB 2026-2 paragraph 31 require in practice?
Update the accounting manual extract for Appendix A so the Australian defined terms sit under the restored heading. The higher education provider definition depends on it.
What is the common mistake under AASB 2026-2 paragraph 31?
The common mistake is to treat a subheading repair as having no effect on the manual.
What evidence should be kept?
At least: The AASB 18 Appendix A extract used in the accounting manual, showing the Australian defined terms subheading. The kit carries each one as a row with an owner column to complete.
Source
This page is our statement of the paragraph, cited so you can check it. Read F2026L01162 on legislation.gov.au.
Source pointer: AASB 2026-2 paragraph 31. Record retrieved 2026-10-20.