What this standard does
The Australian Accounting Standards Board (AASB) has released AASB 2026-3 Amendments to Australian Accounting Standards - Fair Value Option for Investments in Associates and Joint Ventures. The standard amends existing Australian Accounting Standards to introduce a fair value option for investments in associates and joint ventures.
Legal basis and commencement
The standard is made under the Corporations Act 2001. It came into force on 17 August 2026.
What the registration details include
The legislation page provides registration details for the standard. The specific text of the amendments, the entities required to comply, and any transition arrangements or deadlines beyond the commencement date are not included on the registration page.
Key actions
- If a business holds investments in associates or joint ventures and prepares financial statements under Australian Accounting Standards, check whether AASB 2026-3 affects how those investments are measured - access the full standard at https://www.legislation.gov.au/F2026L01064.
- Ask an accountant or auditor whether AASB 2026-3 applies to the entity and what changes, if any, are required in the next set of financial statements.
- Download the explanatory statement available on the legislation page at https://www.legislation.gov.au/F2026L01064 for more detail on what the amendments require.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.