Under AASB 112 Incomes Taxes, deferred tax assets and liabilities are measured at the tax rates that:

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Deferred tax assets and liabilities are measured at the tax rates that are expected to apply when the asset is realised or the liability is settled, as per the requirements of AASB 112 Incomes Taxes. This is because the timing of recognition of taxable amounts or deductible amounts for accounting and tax purposes may differ, resulting in temporary differences that give rise to deferred tax assets and liabilities. Therefore, the tax rates expected to apply in the future when these assets and liabilities will ultimately be recognised or settled should be used to measure them.

Under AASB 112 Incomes Taxes, Deferred Tax Assets and Liabilities