June 2026 Tier 2 model financial report

Our Tier 2 model financial report provides a practical, worked example of general purpose financial statements prepared under AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities (AASB 1060).

What’s new in this edition:

• Responding to global and economic uncertainty
• New requirements for foreign currencies that lack exchangeability
• An updated ASIC rounding instrument
• For December 2026 and later financial years, amended requirements, including disclosures, on the classification and measurement of financial instruments and in relation to contracts referencing nature-dependent electricity.

Updates are highlighted throughout the publication using a blue bar in the left-hand margin.

Download the publication to access the full model report and see the updates in context.

Note: Tier 2 entities preparing sustainability reports can use this document in conjunction with our June 2026 Tier 1 models and reporting considerations publication to fulfil their reporting obligations.

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