BC96 The application of IFRS 19 is voluntary for eligible subsidiaries. Accordingly, a subsidiary might elect to apply IFRS 19 and later revoke that election, or might stop being eligible to apply IFRS 19. The IASB considered whether such a subsidiary should be permitted in these situations to re-apply IFRS 19 in a future period, assuming the entity is an eligible subsidiary.

BC97 Permitting a subsidiary to apply IFRS 19 again after previously revoking that election could help some subsidiaries. An example would be a subsidiary that left a reporting group that prepared its consolidated financial statements applying IFRS Accounting Standards and moved to a group that did not do so. The subsidiary might seek to re-apply IFRS 19 if the new group were to adopt IFRS Accounting Standards in a later period.

BC98 The IASB noted that permitting subsidiaries to apply IFRS 19 again would be consistent with IFRS 1, which permits entities to apply that Standard more than once in some circumstances. The IASB also determined that the needs of users of financial statements would not be affected. Consequently, the IASB found no reason to prohibit subsidiaries from electing to apply IFRS 19 for the 'first time' more than once.