AASB 1 First-time Adoption of Australian Accounting...

What does 6 require?

At the date of transition (the start of the earliest period for which full comparatives under the Standards are presented) the entity draws up an opening statement of financial position under Australian Accounting Standards and presents it in its first statements. Everything that follows, including the comparatives and the reconciliations, is built from this opening position. Tier 2 entities using Simplified Disclosures prepare it but need not present it (Appendix F).

Other controls in The opening statement of financial position and the accounting policies behind it (paragraphs 6 to 12 and Aus12.1) – AASB 1 First-time Adoption of Australian Accounting Standards

10-11 In the opening statement of financial position recognise, derecognise, reclassify and measure every item as the Standards require, and take the resulting adjustments straight to retained earnings or another equity category
7-9 Use one set of accounting policies, compliant with every Standard in force at the end of the first reporting period, across the opening position and all periods presented; earlier versions of Standards and the transitional rules of other Standards do not apply
Aus12.1 Tier 2 entities that applied AASB 1060 early may use the AASB 1053 Appendix E relief from restating comparatives, reading the transition date as the start of the first reporting period

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.

MCP endpoint All AASB 1 First-time Adoption of Australian Accounting Standards controls