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An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of …

The following terms are defined in AASB 127 , AASB 128 , AASB 10 and AASB 11 Joint Arrangements and are used in this Standard with the meanings specified in those Standards:   •    associate •    consolidated financial statements •    control of an entity …

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

A contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the original or modified terms of a debt …

The risk of a possible future change in one or more of a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index or other variable, provided in the case of a …

Payments or other benefits to which a particular policyholder or investor has an unconditional right that is not subject to the contractual discretion of the …

An obligation to pay guaranteed benefits , included in a contract that contains a discretionary participation feature . …

An insurer’s net contractual rights under an insurance contract . …

A contract under which one party (the insurer ) accepts significant insurance risk from another party (the policyholder ) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event ) adversely affects the …

An insurer’s net contractual obligations under an insurance contract . …