Version 53 - June 2025 (template release)
Template release pack
This release focuses on the legislative content changes and correction updates for the period ending June 2025. The template is available on platform 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, and 6.32.9713.
Release notes
- Period ended: June 2025
- Update type: Major legislative changes and corrections
Overview
The template is a major release featuring legislative updates and corrections. Key legislative updates for the annual periods beginning June 2025:
- Amendments to the Classification and Measurement of Financial Instruments – Amendments to AASB 9 and AASB 7
- AASB 18 Presentation and Disclosure in Financial Statements
Version 53 is available on platforms 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, and 6.32.9713.
note
This will be the final release featuring legislative updates from our current content provider. All future releases will incorporate legislative updates from our new Big Four partner. For any questions, contact your Client Relationship Manager, call our Support Team at 1800 074 333, or email SupportANZ@thomsonreuters.com.
Legislative
Accounting reference number | Details |
|---|---|
Amendments to the Classification and Measurement of Financial Instruments – Amendments to AASB 9 and AASB 7
| The AASB issued targeted amendments to AASB 9 and AASB 7 to respond to recent questions arising in practice, and to include new requirements for all reporting entities. Among other amendments, the AASB clarified the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system. |
AASB 18 Presentation and Disclosure in Financial Statements
| AASB 18 Presentation and Disclosure in Financial Statements (effective for annual periods beginning on or after 1 January 2027) The IASB issued the new standard on presentation and disclosure in financial statements, which replaces AASB 101, with a focus on updates to the statement of profit or loss. The key new concepts introduced in AASB 18 relate to:
The Fund is currently still assessing the effect of the forthcoming standard and amendments. |
Corrections
Item ID | Title | Details and limitations |
|---|---|---|
2887306
|
QA test case
|
All Categories have “Round Independently” tick box enabled.
|
2887939
| Regression file testing | XML is corrected for the paragraphs which are not showing in the preview mode report. Note references for the few columns are aligned at the center to be consistent with the other tables in the report. Few display conditions are corrected as per entity selection. |
2887932
|
Standard report preview mode testing
| Missing “consolidated” wording is added to the Statement of Financial Position in the contents page for the dynamic display. Table conditions are corrected as per the Consol and Parent dynamic display. |
2887938
|
Lead testing corrections
| Percentage amounts were replaced by “XX”. The page number is linked to the Auditor’s Independence Declaration in the Director’s report. All the folder names in the report structure are now linked to the variables through the alternative names in their properties for dynamic display. Fund Constitution wording is linked to the variable throughout the report to maintain consistency. |
Content changes
Item ID | Title | Details and limitations |
|---|---|---|
2887011 | Primary Financial Statements 1. Statement of financial position 2. Statement of comprehensive income 3. Statement of cashflows 4. Statement of change in equity | Minor word changes have been done to the financial statements |
2887015
| Note 1 - General information Note 2 - Summary of material accounting policies Note 3 - Financial risk management |
Modifications in the paragraphs and bullets points in note 2, Minor text changes in note 1 and note 3.
|
2887018
| Note 4 - Offsetting financial assets and financial liabilities Note 5 - Fair value measurements Note 6 - Net gains/(losses) on financial instruments at fair value through profit or loss | Minor changes in note 4. Changes over manual tables and paragraphs in note 5. Table in note 6 is modified |
2887022 | Note 7 - Financial assets at fair value through profit or loss Note 8 - Financial liabilities at fair value through profit or loss Note 9 - Derivative financial instruments | Text changes have been made to the text and tables |
2887023
| Note 10 - Structured entities Note 11 - Net assets attributable to unit holders Note 12 - Distribution to unit holders |
Changes over text/paragraphs and minor corrections in tables have been made.
|
2887024
| Note 13 - Cash and cash equivalent Note 14 - Reconciliation of profit/(loss) to net cash inflow/(outflow) from operating activities Note 15 - Remuneration of auditors | Minor text changes over this section. |
2887025 | Note 16 - Other operating expenses Note 17 - Related party transactions Note 18 - Events occurring after the reporting period Note 19 - Contingent assets and liabilities and commitments | Changes over text/paragraphs and minor corrections in tables have been made. |
2887924 | Impact of climate change on financial statements - Appendix | Information about Climate change on financial statements is given in this appendix |
2887923 | New standards and amendments - Appendix | New standards and amendments with sections New Standards and Amendments – Applicable 1 July 2024 and Forthcoming Requirements have been included. |
Features
There are no features.
XBRL changes
There are no XBRL changes.
Additional information
There's no additional information.
Impact on existing clients
There's no impacts.
Deviations from standard configuration
There's no deviations.
Appendix
There's no appendix.
Known issues
- Even if elements are set toNeverthe report may still display them when users upgrade to the 6.29 platform.
- Exercise caution when deleting original elements (paragraphs, tables, for instance) reflected from the parent or root template. Deleting these elements prevents saving back to the template without reimplementing it with backup files. You will also lose any updates made to the elements. The template won’t upgrade and sync perfectly with the latest draft template update. Some functions, such asRevert to TemplateorCompare with Template, isn't available. Deleting the original element changes its ID, making comparison to the draft or parent template impossible. Consider this, especially when customization is necessary. As an alternative to deleting unwanted elements, create a copy. Build your customization from the copy and set the display of the unwanted original element toNever.
- You can change column names in grids. Use the Column Rename feature. Don’t change existing column IDs. Changing the IDs will cause data loss and break links.
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Format:
Article