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Department of the Treasury [2011] AUSStaCSDLM 189 (13 October 2011)

DEPARTMENT OF THE TREASURY

DEPARTMENT OF THE TREASURY

Accounting Standard AASB 10: Consolidated Financial Statements [F2011L01941]
*Corporations Act 2001*
Made	29/08/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Specifies principles for the preparation and presentation of consolidated financial statements.

Accounting Standard AASB 12: Disclosure of Interests in Other Entities [F2011L01938]
*Corporations Act 2001*
Made	29/08/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Specifies a standard for the disclosure by an entity of its interests in other entities.

Accounting Standard AASB 13: Fair Value Measurement [F2011L01940]
*Corporations Act 2001*
Made	2/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Specifies a standard for the measurement of fair value.

Accounting Standard AASB 119: Employee Benefits [F2011L02039]
*Corporations Act 2001*
Made	5/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Prescribes requirements for accounting and disclosure by employers for employee benefits.

Accounting Standard AASB 127: Separate Financial Statements [F2011L01990]
*Corporations Act 2001*
Made	29/08/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Specifies a standard governing the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates where an entity prepares separate financial statements.

Accounting Standard AASB 128: Investments in Associates and Joint Ventures [F2011L01939]
*Corporations Act 2001*
Made	29/08/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Specifies a standard for accounting for investments in associate and joint ventures.

Accounting Standard AASB 2011-7: Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards [AASB 1, 2, 3, 5, 7, 9, 2009-11, 101, 107, 112, 118, 121, 124, 132, 133, 136, 138, 139, 1023 & 1038 and Interpretations 5, 9, 16 & 17] [F2011L02017]
*Corporations Act 2001*
Made	29/08/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Amends several accounting standards arising from the consolidation and joint arrangements standards.

Accounting Standard AASB 2011-8: Amendments to Australian Accounting Standards arising from AASB 13 [AASB 1, 2, 3, 4, 5, 7, 9, 2009-11, 2010-7, 101, 102, 108, 110, 116, 117, 118, 119, 120, 121, 128, 131, 132, 133, 134, 136, 138, 139, 140, 141, 1004, 1023, & 1038 and Interpretations 2, 4, 12, 13, 14, 17, 19, 131 & 132 [F2011L02038]
*Corporations Act 2001*
Made	2/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Amends several accounting standards as a consequence of AASB 13, dealing with fair value.

Accounting Standard AASB 2011-9: Amendments to Australian Accounting Standards — Presentation of Items of Other Comprehensive Income [AASB 1, 5, 6, 101, 112, 120, 121, 132, 133, 134, 1039 & 1049] [F2011L02041]
*Corporations Act 2001*
Made	5/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Amends several accounting standards as a consequence of the issuance of the IASB Standard Presentation of Items of Other Comprehensive Income.

Accounting Standard AASB 2011-11: Amendments to AASB 119 (September 2011) arising from Reduced Disclosure Requirements [F2011L02053]
*Corporations Act 2001*
Made	5/09/2011
Tabled	13/10/2011 S	12/10/2011 HR
Summary	Specifies those disclosure requirements set out in AASB 119 from which entities applying the second Tier of reporting requirements are exempt.

ASIC Class Order [CO 11/942] [F2011L02008]
*Corporations Act 2001*
Made	28/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Extends the period of operation of Class Order [10/333], providing relief for litigation funding arrangements and proof of debt funding arrangements, until 29 February 2012.

ASIC Class Order [CO 11/943] [F2011L02004]
*Corporations Act 2001*
Made	28/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Extends the period of operation of Class Order [11/407], providing relief for trustee companies, until 31 December 2012.

Australian Prudential Regulation Authority (confidentiality) determination No. 16 of 2011 under section 57 of the *Australian Prudential Regulation Authority Act 1998* [F2011L02063]
*Australian Prudential Regulation Authority Act 1998*
Made	5/09/2011
Tabled	13/10/2011 S	13/10/2011 HR
Summary	Determines that information provided to APRA by life insurers and friendly societies under specified reporting standards is non-confidential.

Australian Prudential Regulation Authority (confidentiality) determination No. 17 of 2011 under section 57 of the *Australian Prudential Regulation Authority Act 1998* [F2011L01995]
*Australian Prudential Regulation Authority Act 1998*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Determines that information provided to APRA by locally-incorporated banks and foreign authorised deposit taking institutions under Reporting Standard ARS 320.0 is non-confidential.

Federal Financial Relations (National Specific Purpose Payments) Determination 2010-11 [F2011L01942]
*Federal Financial Relations Act 2009*
Made	19/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Determines the amounts of National Specific Purpose Payments payable to service sectors, the manner in which those amounts are indexed and the manner in which those amounts are divided between the States and Territories.

Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2011 under paragraph 13(1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02050]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	13/10/2011 S	12/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place Reporting Standard GRS 310.0_G (2011) Income Statement (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2011 under paragraph 13 (1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02046]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place Reporting Standard GRS 110.0_G (2011) Minimum Capital Requirement (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2011 under paragraph 13(1)(1) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02044]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place reporting rtandard GRS 120.0_G (2011) Determination of Capital Base (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2011 under paragraph 13(1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02045]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place reporting standard GRS 210.0_G (2011) Outstanding Claims Liability – Insurance Risk Charge (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2011 under paragraph 13(1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02049]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	13/10/2011 S	12/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place Reporting Standard GRS 210.1_G (2011) Premiums Liabilities – Insurance Risk Charge (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2011 under paragraph 13(1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02043]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place Reporting Standard GRS 300.0_G (2011) Statement of Financial Position (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 8 of 2011 under paragraph 13(1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02047]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place Reporting Standard GRS 301.0_G (2011) Reinsurance Assets and Risk Charge (Level 2 Insurance Group).

Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2011 under paragraph 13(1)(a) of the *Financial Sector (Collection of Data) Act 2001* [F2011L02048]
*Financial Sector (Collection of Data) Act 2001*
Made	23/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes a previous reporting standard and determines it its place reporting standard GRS 302.0_G (2011) Statement of Financial Position by Region (Level 2 Insurance Group).

Income Tax Assessment Amendment Regulations 2011 (No. 5) Select Legislative Instrument 2011 No. 182 [F2011L02022]
*Income Tax Assessment Act 1997*
Made	29/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Amend the principal Regulation to provide for the claiming of tax deductions for the cost of total and permanent disability insurance provided through superannuation.

Insurance (prudential standard) determination No. 2 of 2011 under subsections 32(1) and 32(4) of the *Insurance Act 1973* [F2011L02054]
*Insurance Act 1973*
Made	23/09/2011
Tabled	13/10/2011 S	12/10/2011 HR
Summary	Revokes a previous prudential standard and determines it its place Prudential Standard GPS 001 Definitions which applies to general insurers and Level 2 insurance groups.

Insurance (prudential standard) determination No. 3 of 2011 under subsections 32(1) and 32(4) of the *Insurance Act 1973* [F2011L02055]
*Insurance Act 1973*
Made	23/09/2011
Tabled	13/10/2011 S	12/10/2011 HR
Summary	Revokes a previous prudential standard and determines it its place Prudential Standard GPS 111 Capital Adequacy: Level 2 Insurance Groups.

Insurance (prudential standard) determination No. 4 of 2011 under subsections 32(1) and 32(4) of the *Insurance Act 1973* [F2011L02056]
*Insurance Act 1973*
Made	23/09/2011
Tabled	13/10/2011 S	13/10/2011 HR
Summary	Revokes a previous prudential standard and determines it its place prudential standard GPS 311 Audit and Actuarial Reporting and Valuation: Level 2 Insurance Groups.

Revocation of Refundable Film Tax Offset Rules 2002, Refundable Film Tax Offset Rules 2002 (Amendment No. 1 of 2003) and Refundable Film Tax Offset Rules 2002 (Amendment No. 1 of 2006) under sections 376-105 of the *Income Tax Assessment Act 1997* [F2011L02023]
*Income Tax Assessment Act 1997*
Made	12/09/2011
Tabled	11/10/2011 S	11/10/2011 HR
Summary	Revokes three redundant instruments.

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