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439 definitions found
AASB 6 Definition A[3]
The search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area, as well as the determination of the technical feasibility and …
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AASB 120 Definition 3
The following terms are used in this Standard with the meanings specified: …
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AASB 6 Definition B[1]
An individual geological area which is considered to constitute a favourable environment for the presence of a mineral deposit or an oil or natural gas field, or has been proved to contain such a deposit or …
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AASB 6 Definition B[2]
The estimated quantity of product in an area of interest that can be expected to be profitably extracted, processed and sold under current and foreseeable economic …
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AASB 123 Definition 5
This Standard uses the following terms with the meanings specified: …
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AASB 4 Definition A[9]
An obligation to pay guaranteed benefits , included in a contract that contains a discretionary participation feature . …
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AASB 4 Definition A[10]
An insurer’s net contractual rights under an insurance contract . …
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AASB 4 Definition A[11]
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 …
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AASB 4 Definition A[12]
An insurer’s net contractual obligations under an insurance contract . …
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AASB 4 Definition A[13]
Risk, other than financial risk , transferred from the holder of a contract to the issuer. …
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The AASB issues principles-based Australian accounting, sustainability and external reporting Standards and guidance that meet user needs and enhance external reporting consistency and quality.

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