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

What does Aus12.1 require?

An entity that elected to apply the Simplified Disclosures Standard to periods that began before 1 July 2021 may also elect the short-term relief in Appendix E of AASB 1053 that frees it from restating comparative information, where that relief applies. For an entity taking the relief, every reference in this Standard to the transition date means the beginning of the first reporting period under the Standards rather than the start of the comparative period.

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
6 Prepare and present an opening statement of financial position at the date of transition as the starting point for accounting under the Standards
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

Query this from an agent

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