Document ID: chunk:federal_register_of_legislation:F2022C00493:reg:59b:p20
Version: federal_register_of_legislation:F2022C00493
Segment Type: reg
Provision Reference: reg 59B (pt 20/25)
Character Range: 109393–113320

Australian simplified disclosures for Tier 2 entities

This appendix is an integral part of the Standard.

AusC1 Paragraphs 44–52 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.

Guidance on implementing
AASB 2 Share-based Payment
Contents
          from paragraph

DEFINITION OF GRANT DATE                                                                                               IG1
DEFINITION OF VESTING CONDITIONS                                                                                       IG4A
TRANSACTIONS WITH PARTIES OTHER THAN EMPLOYEES                                                                         IG5
Transactions in which the entity cannot identify specifically some or all of the goods or services received            IG5A
Measurement date for transactions with parties other than employees                                                    IG6
TRANSITIONAL ARRANGEMENTS                                                                                              IG8
EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONS                                                                        IG9
CASH-SETTLED SHARE-BASED PAYMENT TRANSACTIONS                                                                          IG18
SHARE-BASED PAYMENT TRANSACTIONS WITH A NET SETTLEMENT FEATURE FOR WITHHOLDING TAX OBLIGATIONS                         IG19A
ACCOUNTING FOR A MODIFICATION OF A SHARE-BASED PAYMENT TRANSACTION THAT CHANGES ITS CLASSIFICATION FROM CASH-SETTLED
TO EQUITY-SETTLED                                                                                                      IG19B
SHARE-BASED PAYMENT ARRANGEMENTS WITH CASH ALTERNATIVES                                                                IG20
SHARE-BASED PAYMENT TRANSACTIONS AMONG GROUP ENTITIES                                                                  IG22A
ILLUSTRATIVE DISCLOSURES                                                                                               IG23
SUMMARY OF CONDITIONS FOR A COUNTERPARTY TO RECEIVE AN EQUITY INSTRUMENT GRANTED AND OF ACCOUNTING TREATMENTS          IG24

Guidance on implementing
AASB 2 Share-based Payment
This guidance accompanies, but is not part of, AASB 2.

Definition of grant date
IG1 AASB 2 defines grant date as the date at which the entity and the employee (or other party providing similar services) agree to a share-based payment arrangement, being when the entity and the counterparty have a shared understanding of the terms and conditions of the arrangement. At grant date the entity confers on the counterparty the right to cash, other assets, or equity instruments of the entity, provided the specified vesting conditions, if any, are met. If that agreement is subject to an approval process (for example, by shareholders), grant date is the date when that approval is obtained.
IG2 As noted above, grant date is when both parties agree to a share-based payment arrangement. The word 'agree' is used in its usual sense, which means that there must be both an offer and acceptance of that offer. Hence, the date at which one party makes an offer to another party is not grant date. The date of grant is when that other party accepts the offer. In some instances, the counterparty explicitly agrees to the arrangement, eg by signing a contract. In other instances, agreement might be implicit, eg for many share-based payment arrangements with employees, the employees' agreement is evidenced by their commencing to render services.
IG3 Furthermore, for both parties to have agreed to the share-based payment arrangement, both parties must have a shared understanding of the terms and conditions of the arrangement. Therefore, if some of the terms and conditions of the arrangement are