Search Definitions

A not-for-profit entity is an entity whose principal objective is not the generation of profit.  A not-for-profit entity can be a single entity or a group of entities comprising the parent entity and each of the entities that it controls. …

In respect of not-for-profit entities, inventories held for distribution are assets: (a) held for distribution at no or nominal consideration in the ordinary course of operations; (b) in the process of production for distribution at no or nominal …

[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 date on which a lessor makes an underlying asset available for use by a lessee . …

Either the period over which an asset is expected to be economically usable by one or more users or the number of production or similar units expected to be obtained from an asset by one or more …

The date when both parties agree to a lease modification . …