Appendix A (AASB1059_07-17_COMPjun21_07-21)

This appendix is an integral part of the Standard.

An agreement between two or more parties that creates enforceable rights and obligations.

The entity that grants the right to access the service concession asset to the operator.

The entity that has a right of access to the service concession asset to provide public services.

A contract effective during the reporting period between a grantor and an operator in which:

(a) the operator has the right of access to the service concession asset (or assets) to provide public services on behalf of the grantor for a specified period of time;

(b) the operator is responsible for at least some of the management of the public services provided through the asset and does not act merely as an agent on behalf of the grantor; and

(c) the operator is compensated for its services over the period of the service concession arrangement.

An asset (other than goodwill) to which the operator has the right of access to provide public services on behalf of the grantor in a service concession arrangement that:

(a) the operator constructs, develops, upgrades or replaces major components, or acquires from a third party or is an existing asset of the operator; or

(b) is an existing asset of the grantor, including a previously unrecognised identifiable intangible asset and land under roads, or an upgrade to or replacement of a major component of an existing asset of the grantor.