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Interactions between two institutional units by mutual agreement or actions within a unit that it is analytically useful to treat as transactions. Defined in the ABS GFS Manual (Glossary, page …

General purpose financial statements prepared by a government that are prepared in accordance with Australian Accounting Standards, including AASB 10 Consolidated Financial Statements , and thereby separately recognise assets, liabilities, income, …

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

Annual reporting period means the financial year or similar period to which annual financial statements relate. …

Special purpose financial statements are financial statements other than general purpose financial statements. …

Financial statements that are intended to meet the needs of users who are not in a position to require an entity to prepare reports tailored to their particular information …

An entity in respect of which it is reasonable to expect the existence of users who rely on the entity’s general purpose financial statements for information that will be useful to them for making and evaluating decisions about the allocation of …

Future economic benefits that have been contributed to the entity by parties external to the entity, other than those which result in liabilities of the entity, that give rise to a financial interest in the net assets of the entity which: (a)           …

Economic benefits received or receivable by an entity, as determined by a court or other law enforcement body, as a consequence of a breach of a law or …

Tax credits that are not limited to the amount of a taxpayer’s tax liability for the period, because they are available to beneficiaries regardless of whether they pay …