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Tier 2 (Simplified Disclosures) presentation and disclosure checklist

Version 1.20 (June 2021)

A guide to required presentation and disclosure under Australian Accounting Standards – Simplified Disclosures


NOTE: An updated version of this checklist is available, which incorporates amendments to the Simplified Disclosures framework since the original checklist was issued. We strongly recommend you access the updated version of the checklist released in June 2022.

This Excel workbook can be used by entities applying Australian Accounting Standards – Simplified Disclosures.

The workbook summarises the presentation and disclosure requirements of AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities and other relevant Australian Accounting Standards on issue as of 31 December 2020 and as effective for annual reporting periods beginning on or after 1 July 2021. 

The checklist also accommodates entities that wish to early adopt AASB 1060 prior to this date.

The workbook includes cross-references to our Tier 2 Simplified Disclosures model financial statements.


The Excel workbook contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organisation”) is, by means of this Excel workbook, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. 

No representations, warranties, or undertakings (express or implied) are given as to the accuracy or completeness of the information in this Excel workbook, and none of DTTL, its member firms, related entities, employees, or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this Excel workbook. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

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