AASB 1021
AASB 1021 is the Accounting Standard pertaining to "Depreciation".
In broad terms, the Standard covers two aspects:
1 Recognition of assets with physical substance and which are expected to be used during more than one financial year, which corresponds with a requirement in International Accounting Standard IAS 16 “Property, Plant and Equipment” to recognise property, plant and equipment.
2 Depreciation of all non-current assets with limited useful lives, which would include intangible assets.