Search Definitions

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 …

Preferential provisions of the tax law that provide particular taxpayers with concessions that are not available to others.   Tax relief excludes payable tax credits …

The event that the government, legislature or other authority has determined will be subject to taxation. …

Economic benefits compulsorily paid or payable to public sector entities in accordance with laws and/or regulations established to provide income to the government.   Taxes exclude fines …

The business or businesses that the acquirer obtains control of in a business combination . …

The entity that obtains control of the acquiree . …

The date on which the acquirer obtains control of the acquiree . …

The portion of lifetime expected credit losses that represent the expected credit losses that result from default events on a financial instrument that are possible within the 12 months after the reporting …

The amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount …

Those rights that AASB 15 Revenue from Contracts with Customers specifies are accounted for in accordance with this Standard for the purposes of recognising and measuring impairment gains or …