Scope (paragraphs B1-B3)
2
This Standard shall be applied to service concession arrangements, which involve an operator:
(a) providing public services related to a service concession asset on behalf of a grantor; and
(b) managing at least some of those services under its own discretion, rather than at the direction of the grantor.
3
Arrangements outside the scope of this Standard include those that do not involve the delivery of a public service, those where the operator manages the public services merely as an agent of the grantor, and those that involve service and management components where the asset is not controlled by the grantor as described in paragraph 5, or paragraph 6 for a whole-of-life asset.
4
This Standard does not specify the accounting by operators. Guidance on accounting for service concession arrangements by private sector operators can be found in AASB Interpretation 12 Service Concession Arrangements.