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Total comprehensive income is the change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Total comprehensive income comprises all …

Although this Standard uses the terms ‘other comprehensive income’, ‘profit or loss’ and ‘total comprehensive income’, an entity may use other terms to describe the totals as long as the meaning is clear. For example, an entity may use the term ‘net …

The following terms are described in AASB 132 Financial Instruments: Presentation and are used in this Standard with the meaning specified in AASB 132: (a)             puttable financial instrument classified as an equity instrument (described in …

[Deleted by the AASB] …

In respect of public sector entities, local governments , governments and most, if not all, government departments are reporting entities: …

government means the Australian Government, the Government of the Australian Capital Territory, New South Wales, the Northern Territory, Queensland, South Australia, Tasmania, Victoria or Western …

government department means a government controlled entity, created pursuant to administrative arrangements or otherwise designated as a government department by the government which controls …

local government means an entity comprising all entities controlled by a governing body elected or appointed pursuant to a Local Government Act or similar …

The following terms are used in this Standard with the meanings specified: …

Accounting estimates are monetary amounts in financial statements that are subject to measurement uncertainty. …