91 paragraphs found in INT 2
Local law, regulation or the entity’s governing charter can impose various types of prohibitions on the redemption of members’ shares, eg unconditional prohibitions or prohibitions based on liquidity criteria. If redemption is unconditionally prohibited …
An unconditional prohibition may be absolute, in that all redemptions are prohibited. An unconditional prohibition may be partial, in that it prohibits redemption of members’ shares if redemption would cause the number of members’ shares or amount of …
At initial recognition, the entity shall measure its financial liability for redemption at fair value. In the case of members’ shares with a redemption feature, the entity measures the fair value of the financial liability for redemption at no less than …
As required by paragraph 35 of AASB 132, distributions to holders of equity instruments are recognised directly in equity. Interest, dividends and other returns relating to financial instruments classified as financial liabilities are expenses, regardless …
The Appendix, which is an integral part of the consensus, provides examples of the application of this consensus. …
The entity’s charter states that redemptions are made at the sole discretion of the entity. However, the charter further states that approval of a redemption request is automatic unless the entity is unable to make payments without violating local …
The entity does not have the unconditional right to refuse redemption and the members’ shares are a financial liability. The restrictions described above are based on the entity’s ability to settle its liability. They restrict redemptions only if the …