After 1 January 2005, the position that applies in Australia to the amortisation of goodwill is: Select one: O goodwill is not required to be systematically amortised and is not subject to an impairment test O goodwill must be amortised systematically over the period during which the future economic benefits are expected to be consumed O goodwill is to be amortised over a period not exceeding 20 years goodwill is not required to be systematically amortised but is subject to an impairment test