For for-profit entities, these changes result from the triple threat accounting standards (AASB 9, 15 & 16) that come into effect between now and 2020, and raise a plethora of issues for organisations in every industry sector. For not-for-profit entities, the changes result from the triple threat accounting standards (AASB 9, 15 & 16) and AASB 1058. AASB 1058 applies to years beginning on or after 1 July 2019 for entities with June year-ends.