What does 132-133 require?

For investment property at fair value under the AASB 140 fair value model the entity discloses the methods and significant assumptions used to determine fair value, the extent to which the values rest on an independent valuer's valuation, that valuer holding a recognised relevant qualification and recent experience with the property's location and class (or that no such valuation was obtained), any restrictions on realising the property or remitting its income and sale proceeds, contractual obligations to purchase, construct, develop, repair, maintain or enhance it, and a reconciliation from opening to closing carrying amount showing additions (with business combination additions separately), fair value gains and losses, transfers to and from cost-model property, transfers involving inventories and owner-occupied property, and other changes; the reconciliation is not required for prior periods. An owner gives the lessor disclosures of the leases section, and a lessee holding a right-of-use investment property gives the lessee disclosures.

AASB 1060 General Purpose Financial Statements...

Other controls in Topic disclosures replacing the full Tier 1 disclosure sets (paragraphs 104 to 205) – AASB 1060 General Purpose Financial Statements Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities

104-105 Consolidated and separate statements: state that statements are consolidated, explain control held without a voting majority, differing subsidiary reporting dates and restrictions on subsidiaries transferring funds; separate statements say so, describe how investments are accounted for and identify the related consolidated statements
106-110 Accounting policies, estimates and errors: disclose the nature and line-item effect of a new Standard's initial application (or the Standard's own transition disclosures), the nature, reasons and effects of a voluntary policy change, the nature and effect of estimate changes, and the nature and line-item correction of prior period errors
111-119C Basic financial instruments: disclose material measurement policies, carrying amounts by AASB 9 category, the significance of instruments including the terms of long-term debt, the fair value basis and valuation assumptions by class, transferred assets not derecognised, pledged collateral, defaults and breaches on loans payable, the income, expense, gains and losses by category with interest income and expense and impairment by class, and contingent cash flow features by class
120-122C Hedging and nature-dependent electricity contracts: describe each hedged risk category with its instruments, their fair values and the hedged item; give the fair value hedge gains and losses, and for cash flow and net investment hedges the timing of cash flows, discontinued forecast transactions, OCI movements, reclassifications and ineffectiveness; and for own-use contracts for nature-dependent electricity disclose the variability and unusable-electricity features, how onerous contract risk is assessed, and the effect on performance
123-124 Inventories: disclose the material measurement policies including the cost formula, the carrying amount in total and by class, the amount expensed in the period, write-downs and reversals under AASB 102, and inventories pledged as security; not-for-profit entities add the basis for assessing lost service potential in distribution inventories
125-131 Associates and joint ventures: disclose material policies, the carrying amounts, the fair value of equity-accounted investments with published price quotations, dividends from cost-model associates, the share of equity-accounted profit and discontinued operations, aggregate joint venture commitments, and the financial instrument disclosures for investments carried under AASB 9
134-136 Property, plant and equipment and cost-model investment property: for each class disclose measurement bases, depreciation methods, useful lives or rates, gross carrying amount and accumulated depreciation at the opening and closing dates and a current-period movement reconciliation; also restricted title and pledged assets, capital commitments, investment property with no reliably measurable fair value, and revaluation details
137-141 Intangible assets other than goodwill: for each class disclose useful lives or amortisation rates, methods, gross carrying amount and accumulated amortisation, the line items carrying amortisation, and a current-period movement reconciliation; also material individual intangibles, government-grant intangibles, restricted or pledged intangibles, commitments, research and development expense, revaluation details and the reasons for any indefinite useful life

Other controls in Topic disclosures replacing the full Tier 1 disclosure sets (paragraphs 104 to 205) – AASB 1060 General Purpose Financial Statements Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities

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