225 paragraphs found in AASB 1059
If an entity applies this Standard but does not yet apply AASB 9 , any reference in this Standard to AASB 9 shall be read as a reference to AASB 139 Financial Instruments: Recognition and Measurement …
If an entity applies this Standard but does not yet apply AASB 15 or AASB 1058 , any reference in this Standard to those Standards shall be read as a reference to AASB 118 Revenue or AASB 1004 Contributions , as …
If an entity applies this Standard but does not yet apply AASB 16 , any reference in this Standard to AASB 16 shall be read as a reference to AASB 117 Leases …
Paragraphs 28 , 29 , B79 and B80 do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities …
The purpose of this Implementation Guidance is to illustrate certain aspects of the requirements of AASB 1059. Except in respect of arrangements that are concluded to be service concession arrangements, the implementation guidance identifies the parties …
The diagram below summarises some of the key decisions in determining whether an arrangement is a service concession arrangement within the scope of AASB 1059. It does not address the period of time or operator compensation requirements of the definition …
The guidance examples below illustrate the key decisions outlined in the diagram in paragraph IG2 for assessing whether an arrangement is a service concession arrangement – and therefore within the scope of AASB 1059, assuming that the period of time and …
In this example, the relevant terms of the arrangement for assessing whether it is within the scope of AASB 1059 are: (a) a grantor enters into an arrangement that involves the operator constructing a school; (b) the school provides public services as the …
Based on these facts and circumstances, the grantor concludes the operator does not access the school to provide public services as its provision of cleaning and security services does not constitute management of at least some of the public services …
In this example, the facts in Example 1 apply, except that the operator is also responsible for maintenance of the school facilities by maintaining the school to a specified condition. The operator has discretion as to when and how it conducts maintenance …