Search Definitions

For the purpose of this Standard, an interest in another entity refers to contractual and non-contractual involvement that exposes an entity to variability of returns from the performance of the other entity. An interest in another entity can be evidenced …

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 used in this Standard with the meanings specified: …

The policyholder under a reinsurance contract . …

A contractual component that is not accounted for as a derivative under AASB 9 and would be within the scope of AASB 9 if it were a separate …

An insurance contract that is not a reinsurance contract . …

A contractual right to receive, as a supplement to guaranteed benefits , additional benefits: (a)             that are likely to be a significant portion of the total contractual benefits; (b)             whose amount or timing is contractually at the …

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 …

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 …