Notes to the Financial Statements Note 24: Amendments to Accounting Standards and Interpretations (a) Amendments to accounting standards and interpretations adopted by the Group The Group has adopted the following amendment to the accounting standards. This change did not have a material impact on the Group’s accounting policies nor did it require any restatement. • AASB 2020-8 Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform – Phase 2 (b) Amendments to accounting standards and interpretations not yet effective for the Group A number of other accounting standards and interpretations have been issued and will be applicable in future periods. While these remain subject to ongoing assessment, no significant impacts have been identified to date. These standards have not been applied in the preparation of these Financial Statements. Applicable to the Group for the year ending 30 June 2023: • AASB 2020-3 Amendments to Australian Accounting Standards – Annual Improvements 2018-2020 and Other Amendments – Reference to the Conceptual Framework – Amendments to AASB 3 Business Combinations – Property, Plant and Equipment – Proceeds before Intended Use – Onerous Contracts – Cost of Fulfilling a Contract Applicable to the Group for the year ending 30 June 2024: • AASB 2020-1 and AASB 2020-6 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current – Classification of Liabilities as Current or Non-current – Amendments to AASB 101 Presentation of Financial Statements • AASB 2021-2 Amendments to Australian Accounting Standards – Disclosure of Accounting Policies and Definition of Accounting Estimates • AASB 2021-5 Amendments to Australian Accounting Standards – Deferred Tax related to Assets and Liabilities arising from a Single Transaction CSL Limited Annual Report 2021/22 140
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