Document ID: chunk:federal_register_of_legislation:F2024C00046:body:0:p27
Version: federal_register_of_legislation:F2024C00046
Segment Type: other
Provision Reference: 
Character Range: 67026–70089

shall disclose the existence of that credit enhancement and whether it is reflected in the fair value measurement of the liability.
99 An entity shall present the quantitative disclosures required by this Standard in a tabular format unless another format is more appropriate.

Commencement of the legislative instrument
Aus99.1 [Repealed]

Withdrawal of AASB pronouncements
Aus99.2 This Standard repeals AASB 13 Fair Value Measurement issued in September 2011.  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to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.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of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]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.

active market               A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.
cost approach               A valuation technique that reflects the amount that would be required currently to replace the service capacity of an asset (often referred to as current replacement cost).
entry price                 The price paid to acquire an asset or received to assume a liability in an exchange transaction.
exit price                  The price that would be received to sell an asset or paid to transfer a liability.
expected cash flow          The probability-weighted average (ie mean of the distribution) of possible future cash flows.
fair value                  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.
highest and best use        The use of a non-financial asset by market participants that would maximise the value of the asset or the group of assets and liabilities (eg a business) within which the asset would be used.
income approach             Valuation techniques that convert future amounts (eg cash flows or income and expenses) to a single current (ie discounted) amount. The fair value measurement is determined on the basis of the value indicated by current market expectations about those future amounts.
inputs                      The assumptions that market participants would use when pricing the asset or liability, including assumptions about risk, such as the following:
                            (a) the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model); and
                            (b) the risk inherent in the inputs to the valuation technique.
                            Inputs may be observable or unobservable.
Level 1 inputs              Quoted prices (unadjusted) in active markets for identical assets or liabilities