Document ID: chunk:federal_register_of_legislation:F2021C00884:reg:68:p1
Version: federal_register_of_legislation:F2021C00884
Segment Type: reg
Provision Reference: reg 68 (pt 1/2)
Character Range: 18418–21746

68                    [Deleted]

Appendix A
Defined terms

This Appendix is an integral part of AASB 1004.

Contributions                               Non-reciprocal transfers to the entity.
Contributions by owners                     Future economic benefits that have been contributed to the entity by parties external to the entity, other than those which result in liabilities of the entity, that give rise to a financial interest in the net assets of the entity which:

                                                 (a) conveys entitlement both to distributions of future economic benefits by the entity during its life, such distributions being at the discretion of the ownership group or its representatives, and to distributions of any excess of assets over liabilities in the event of the entity being wound up; and/or

                                                 (b) can be sold, transferred or redeemed.

Non-reciprocal transfer                     A transfer in which the entity receives assets or services or has liabilities extinguished without directly giving approximately equal value in exchange to the other party or parties to the transfer.

Restructure of administrative arrangements  The reallocation or reorganisation of assets, liabilities, activities and responsibilities amongst the entities that the government controls that occurs as a consequence of a rearrangement in the way in which activities and responsibilities as prescribed under legislation or other authority are allocated between the government's controlled entities.

                                            The scope of the requirements relating to restructures of administrative arrangements is limited to the transfer of a business (as defined in AASB 3 Business Combinations).  The requirements do not apply to, for example, a transfer of an individual asset or a group of assets that is not a business.

Appendix B
Australian simplified disclosures for Tier 2 entities

This appendix is an integral part of the Standard.

AusB1 Paragraphs 43A and 57–59 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.

Compilation details
Accounting Standard AASB 1004 Contributions (as amended)
Compilation details are not part of AASB 1004.

This compiled Standard applies to annual reporting periods beginning on or after 1 July 2021. It takes into account amendments up to and including 6 March 2020 and was prepared on 21 July 2021 by the staff of the Australian Accounting Standards Board (AASB).

This compilation is not a separate Accounting Standard made by the AASB.  Instead, it is a representation of AASB 1004 (December 2007) as amended by other Accounting Standards, which are listed in the table below.

Table of Standards
Standard     Date made    FRL identifier  Commence-ment date  Effective date          Application, saving or transitional provisions
                                                              (annual periods
                                                              … on or after …)
AASB 1004    13 Dec 2007  F2008L00230     26 Jan 2008         (beginning) 1 Jul 2008  see (a) below
AASB 2011-8  2 Sep 2011   F2011L02038     8 Oct