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Director means: (a)             a person who is a director under the Corporations Act; and (b)             in the case of entities governed by bodies not called a board of directors, a person who, regardless of the name that is given to the position, is …

Remuneration is compensation as defined in this Standard. …

Although the defined term ‘compensation’ is used in this Standard rather than the term ‘ remuneration ’, both words refer to the same concept and all references in the Corporations Act to the remuneration of directors and executives is taken as referring …

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

An associate is an entity over which the investor has significant influence. …

Consolidated financial statements are the financial statements of a group in which assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic …

The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the investee’s net assets. The investor’s profit or loss includes its …

A joint arrangement is an arrangement of which two or more parties have joint control. …

Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing …

A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the …