Document ID: chunk:federal_register_of_legislation:F2022C00554:body:0:p37
Version: federal_register_of_legislation:F2022C00554
Segment Type: other
Provision Reference: 
Character Range: 103612–117520

the asset for recognition as service concession asset (paragraph 5(a))                                                                                          Grantor controls or regulates all three aspects.                                                             Operator typically controls all three aspects in a lease, but grantor might control or regulate some.                                                                                                                                                                                   Grantor controls or regulates all three aspects.                                                                                                                                                    Grantor might control or regulate any of these aspects (especially pricing) but not all three aspects.
Grantor controls or regulates services provided by operator with the asset?                                                                                                                          Grantor controls or regulates services.                                                                      Operator typically controls services.                                                                                                                                                                                                                                                   Grantor controls or regulates services.                                                                                                                                                             Operator typically controls services.
Grantor controls or regulates recipients of services?                                                                                                                                                Grantor controls recipients of services.                                                                     Operator typically controls recipients of services.                                                                                                                                                                                                                                     Grantor controls recipients of services.                                                                                                                                                            Operator typically controls recipients of services.
Grantor controls or regulates pricing of services?                                                                                                                                                   Grantor controls pricing of services.                                                                        Operator typically controls pricing of services.                                                                                                                                                                                                                                        Grantor controls pricing of services.                                                                                                                                                               Operator might not control pricing of services.
Grantor controls underlying use of the asset?                                                                                                                                                        Grantor controls the asset and the right to use the asset.                                                   Operating lease:                                                                                                                                                                                                                                                                        Grantor retains control of asset and the right to use the asset.                                                                                                                                    Operator controls the asset and the right to use the asset.
                                                                                                                                                                                                                                                                                                                  Grantor (lessor) retains control of the asset and operator (lessee) has right-of-use asset.                                                                                                                                                                                             Operator only has a right to access the asset.
                                                                                                                                                                                                                                                                                                                  Finance lease:
                                                                                                                                                                                                                                                                                                                  Grantor (lessor) relinquishes control of asset to operator (lessee):
                                                                                                                                                                                                                                                                                                                      * lessor derecognises asset and recognises receivable
                                                                                                                                                                                                                                                                                                                      * lessee recognises right-of-use asset.
Determining whether grantor controls any significant residual interest in the asset at the end of the arrangement (paragraph 5(b))                                                                   Grantor controls any significant residual interest at end of arrangement.                                    Depending on terms of arrangement, grantor or operator might control residual interest in the asset.                                                                                                                                                                                    Grantor controls any significant residual interest at end of arrangement.                                                                                                                           Depending on terms of arrangement, grantor or operator might control residual interest in the asset.
Grantor controls any significant residual interest at end of arrangement?                                                                                                                            Grantor controls any significant residual interest at end of arrangement.                                    Operating lease:                                                                                                                                                                                                                                                                        Grantor controls any significant residual interest at end of arrangement.                                                                                                                           Sale:
                                                                                                                                                                                                                                                                                                                  Grantor (lessor) controls significant residual interest.                                                                                                                                                                                                                                                                                                                                                                                                                                    No significant residual interest expected.
                                                                                                                                                                                                                                                                                                                  Finance lease:                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Privatisation:
                                                                                                                                                                                                                                                                                                                  No significant residual interest expected.                                                                                                                                                                                                                                                                                                                                                                                                                                                  Grantor may control any significant residual interest.
Grantor's interest restricts operator's practical ability to sell or pledge asset (paragraph B33)?                                                                                                   Operator has no ability to sell or pledge the asset.                                                         Operating lease:                                                                                                                                                                                                                                                                        Grantor's interest restricts operator's practical ability to sell or pledge asset.                                                                                                                  Sale:
                                                                                                                                                                                                                                                                                                                  Grantor's (lessor's) interest restricts operator's (lessee's) practical ability to sell or pledge asset.                                                                                                                                                                                                                                                                                                                                                                                    Not applicable.
                                                                                                                                                                                                                                                                                                                  Finance lease:                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Privatisation:
                                                                                                                                                                                                                                                                                                                  Protective rights of the grantor (lessor) typically define the scope of the operator's (lessee's) right of use.                                                                                                                                                                                                                                                                                                                                                                             Grantor's interest restricts operator's practical ability to sell or pledge asset.
Relevant Accounting Standards                                                                                                                                                                        AASB 116                                                                                                     AASB 16