TPP21-10 Accounting for Financial Instruments
The purpose of this Treasury Policy Paper is to provide guidance and outline NSW Treasury’s requirements for applying AASB 9 Financial Instruments and AASB 132 Financial Instruments
Issued: 1 September 2021 by Treasury
Key information
- Status
- Active
- Type
- NSW Treasury Policy and Guidelines Paper
- Identifier
- TPP21-10
- Compliance
- Mandatory
Who needs to know and/or comply with this?
- Departments
- Executive agencies related to Departments
- Separate agencies
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
About
The purpose of this Treasury Policy Paper is to provide guidance and outline NSW Treasury’s requirements for applying AASB 9 Financial Instruments and AASB 132 Financial Instruments
The purpose of this Treasury Policy Paper is to provide guidance and outline NSW Treasury’s requirements for applying AASB 9 Financial Instruments and AASB 132 Financial Instruments: Presentation by agencies, including:
general requirements for the classification, recognition and measurement of financial instruments in accordance with AASB 9 and AASB 132 (sections 2 to 6)
restrictions on the use of the following categories of financial instruments:
fair value designation option (sections 3.4.3 and 4.1);
fair value through other comprehensive income of equity instruments designation option (section 3.3)
guidance and requirements regarding accounting for:
impairment for expected losses (section 7)
hedge accounting (section 8).