June 2021 Tier 1 model financial statements

These model financial statements can be used by entities with public accountability and those choosing to prepare Tier 1 financial statements as an illustrative guide when developing their own disclosures.

The document consists of the following sections:

• Australian specific guidance – includes what’s new for the current reporting season, a summary of new and revised pronouncements and reporting deadlines
• Core model financial statements – Illustrative core IFRS disclosures
• Appendix 1 – A summary of disclosures that may be impacted by COVID-19 or climate change considerations
• Appendix 2 – Financial instruments disclosures when applying Interest Rate Benchmark Reform
• Appendix 3 – Australian-specific disclosures (includes the directors report, Australian-specific disclosures, ASX information and corporate governance disclosures)
• Appendix 4 – Not-for-profit illustrative disclosures

Published: June 2021

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