Appendix A (AASB1050_12-07_COMPmar20_07-21)

This Appendix accompanies, but is not part of, AASB 1050.

This Standard reproduces the requirements relating to administered items contained in AAS 29, except that:

(a) paragraph 5.2.5 of AAS 29 encouraged disclosure of items collected or distributed on behalf of another entity or held in legal custody that are neither administered nor controlled. This Standard does not contain such an encouragement;

(b) in relation to transfer payments, paragraph 10.5.15 of AAS 29 noted that transfer payments not controlled by a government department do not qualify for recognition. However, the paragraph contemplated disclosure of the broad categories of recipients and the amounts transferred to those recipients. Paragraph 22 of this Standard requires such disclosures;

(c) paragraph 12.9.4 of AAS 29 encouraged the disclosure of information about administered assets and administered liabilities on an activity basis. This Standard does not contain such an encouragement; and

(d) paragraph 8 of this Standard requires the principles in AASB 1052 Disaggregated Disclosures to be applied in disclosing administered income and expenses reliably attributable to activities. AAS 29 did not include such a specific requirement.

The following table provides source references to paragraphs 7–25 of this Standard, most of which were derived from AAS 29. It is provided to facilitate an understanding of, and assist in the application of, the requirements in this Standard.