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May 31, 2006

International Financial Reporting Standards and Australian ADI’s

The Australian Prudential Regulation Authority (APRA) has released revised prudential standards and
guidance notes
to reflect its prudential approach to the adoption of International Financial Reporting Standards (IFRS) by authorised deposit-taking institutions (ADIs). The changes have been finalised
after extensive industry consultation. They take effect on 1 July 2006.

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Posted 31st May 2006 by David Jacobson in Financial Services