Document ID: chunk:federal_register_of_legislation:F2022C00493:reg:59b:p2
Version: federal_register_of_legislation:F2022C00493
Segment Type: reg
Provision Reference: reg 59B (pt 2/25)
Character Range: 60510–63682

[Deleted by the AASB]

Commencement of the legislative instrument
Aus64.1 [Repealed]

Withdrawal of AASB pronouncements
Aus64.2 This Standard repeals AASB 2 Share-based Payment issued in July 2004. 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to apply under section 334 of the Corporations Act (either generally or in relation to an individual entity), the repealed Standard continues to apply in relation to any period ending before that time as if the repeal had not occurred.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of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]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.

cash-settled share-based payment transaction     A share-based payment transaction in which the entity acquires goods or services by incurring a liability to transfer cash or other assets to the supplier of those goods or services for amounts that are based on the price (or value) of equity instruments (including shares or share options) of the entity or another group entity.
employees and others providing similar services  Individuals who render personal services to the entity and either (a) the individuals are regarded as employees for legal or tax purposes, (b) the individuals work for the entity under its direction in the same way as individuals who are regarded as employees for legal or tax purposes, or (c) the services rendered are similar to those rendered by employees. For example, the term encompasses all management personnel, ie those persons having authority and responsibility for planning, directing and controlling the activities of the entity, including non-executive directors.
equity instrument                                A contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.[5], AusCF5
equity instrument granted                        The right (conditional or unconditional) to an equity instrument of the entity conferred by the entity on another party, under a share-based payment arrangement.
equity-settled share-based payment transaction   A share-based payment transaction in which the entity
                                                 (a) receives goods or services as consideration for its own equity instruments (including shares or share options), or
                                                 (b) receives goods or services but has no obligation to settle the transaction with the supplier.
fair value                                       The amount for which an asset could be exchanged, a liability settled, or an equity instrument granted could be exchanged, between knowledgeable, willing parties in an arm's length transaction.
grant date                                       The date at which the entity and another party (including an employee) 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