Document ID: chunk:federal_register_of_legislation:F2022C00554:body:0:p9
Version: federal_register_of_legislation:F2022C00554
Segment Type: other
Provision Reference: 
Character Range: 22935–26205

future cash flows (eg the period of the arrangement, re-pricing dates and the basis upon which re-pricing or renegotiation is determined);
          (c)                    the nature and extent (eg quantity, time period, or amount, as appropriate) of:
(i)                     rights to receive specified services from the operator;
(ii)                   the carrying amount of service concession assets as at the end of the reporting period, including separate disclosure for existing assets of the grantor reclassified as service concession assets during the reporting period;
(iii)                 rights to receive specified assets at the end of an arrangement;
(iv)                 renewal and termination options;
(v)                   other rights and obligations (eg major overhaul of service concession assets); and
(vi)                 obligations to provide the operator with access to service concession assets or other revenue-generating assets; and
          (d)                   changes in arrangements occurring during the reporting period.
     29                    The disclosures provided by an entity in accordance with paragraph 28 are provided individually for each material service concession arrangement or in aggregate for service concession arrangements involving services of a similar nature, in addition to disclosures required by AASB 116 and AASB 138. Service concession assets of a similar nature may form a subset of a class of assets disclosed in accordance with AASB 116 or AASB 138 or may be included in more than one class of assets disclosed in accordance with AASB 116 or AASB 138. For example, for the purposes of AASB 116, a toll bridge may be included in the same class as other bridges, and for the purposes of paragraph 28 may be included with service concession assets reported in aggregate as toll roads.

Commencement of the legislative instrument
     30                    [Repealed]

Appendix A
Defined terms (paragraphs B4–B13)
This appendix is an integral part of the Standard.
contract                        An agreement between two or more parties that creates enforceable rights and obligations.

grantor                         The entity that grants the right to access the service concession asset to the operator.

operator                        The entity that has a right of access to the service concession asset to provide public services.

service concession arrangement  A contract effective during the reporting period between a grantor and an operator in which:

                                     (a)                    the operator has the right of access to the service concession asset (or assets) to provide public services on behalf of the grantor for a specified period of time;

                                     (b)                   the operator is responsible for at least some of the management of the public services provided through the asset and does not act merely as an agent on behalf of the grantor; and

                                     (c)                    the operator is compensated for its services over the period of the service concession arrangement.

service concession asset        An asset (other than goodwill) to which the operator has the right of access