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An entity’s activities that are subject to rate regulation . …

A framework for establishing the prices that can be charged to customers for goods or services and that framework is subject to oversight and/or approval by a rate regulator …

An authorised body that is empowered by statute or regulation to establish the rate or a range of rates that bind an entity. The rate regulator may be a third-party body or a related party of the entity, including the entity’s own governing board, if that …

The balance of any expense (or income) account that would not be recognised as an asset or a liability in accordance with other Standards, but that qualifies for deferral because it is included, or is expected to be included, by the rate regulator in …

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

A bearer plant is a living plant that: (a)             is used in the production or supply of agricultural produce; (b)             is expected to bear produce for more than one period; and (c)              has a remote likelihood of being sold as …

Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation and accumulated impairment …

Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognised …

Depreciable amount is the cost of an asset, or other amount substituted for cost, less its residual value. …

Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. …