Document ID: chunk:federal_register_of_legislation:F2023C00389:body:0:p24
Version: federal_register_of_legislation:F2023C00389
Segment Type: other
Provision Reference: 
Character Range: 62367–65433

AASB 9 should be read as a reference to AASB 139.

Withdrawal of IFRS 3 (2004)
68 [Deleted by the AASB]

Commencement of the legislative instrument
Aus68.1 [Repealed]

Withdrawal of AASB pronouncements
Aus68.2 This Standard repeals AASB 3 Business Combinations issued in March 2008.  Despite the repeal, after the time this Standard starts to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.
[Note: When this Standard applies under section 334 of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]

Appendix A
Defined terms
This appendix is an integral part of the Standard.
acquiree                  The business or businesses that the acquirer obtains control of in a business combination.
acquirer                  The entity that obtains control of the acquiree.
acquisition date          The date on which the acquirer obtains control of the acquiree.
business                  An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income (such as dividends or interest) or generating other income from ordinary activities.
business combination      A transaction or other event in which an acquirer obtains control of one or more businesses. Transactions sometimes referred to as 'true mergers' or 'mergers of equals' are also business combinations as that term is used in this Standard.
contingent consideration  Usually, an obligation of the acquirer to transfer additional assets or equity interests to the former owners of an acquiree as part of the exchange for control of the acquiree if specified future events occur or conditions are met. However, contingent consideration also may give the acquirer the right to the return of previously transferred consideration if specified conditions are met.
equity interests          For the purposes of this Standard, equity interests is used broadly to mean ownership interests of investor-owned entities and owner, member or participant interests of mutual entities.
fair value                Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13.)
goodwill                  An asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised.
identifiable              An asset is identifiable if it either:
                          (a) is separable, ie capable of being separated or divided from the entity and sold, transferred, licensed, rented or exchanged, either individually or together with a related contract, identifiable asset or liability, regardless of whether the