Appendix A -- Australian defined terms

This appendix is an integral part of the Standard.

Aus6.1

The following term is also used in this Standard with the meaning specified.

A not-for-profit entity is an entity whose principal objective is not the generation of profit.  A not-for-profit entity can be a single entity or a group of entities comprising the parent and each of the entities that it controls.

Aus6.2

Examples of property, plant and equipment held by not-for-profit public sector entities include, but are not limited to, infrastructure, cultural, community and heritage assets.