Document ID: chunk:federal_register_of_legislation:F2021C00954:body:0:p12
Version: federal_register_of_legislation:F2021C00954
Segment Type: other
Provision Reference: 
Character Range: 29693–32697

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of the Corporations Act (either generally or in relation to an individual entity), it supersedes the application of the repealed Standard.]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.
income from a structured entity  For the purpose of this Standard, income from a structured entity includes, but is not limited to, recurring and non-recurring fees, interest, dividends, gains or losses on the remeasurement or derecognition of interests in structured entities and gains or losses from the transfer of assets and liabilities to the structured entity.
interest in another entity       For the purpose of this Standard, an interest in another entity refers to contractual and non-contractual involvement that exposes an entity to variability of returns from the performance of the other entity. An interest in another entity can be evidenced by, but is not limited to, the holding of equity or debt instruments as well as other forms of involvement such as the provision of funding, liquidity support, credit enhancement and guarantees. It includes the means by which an entity has control or joint control of, or significant influence over, another entity. An entity does not necessarily have an interest in another entity solely because of a typical customer supplier relationship.
                                 Paragraphs B7–B9 provide further information about interests in other entities.
                                 Paragraphs B55–B57 of AASB 10 explain variability of returns.
structured entity                An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements.
                                 Paragraphs B22–B24 provide further information about structured entities.

The following terms are defined in AASB 127, AASB 128, AASB 10 and AASB 11 Joint Arrangements and are used in this Standard with the meanings specified in those Standards:
• associate
• consolidated financial statements
• control of an entity
• equity method
• group
• investment entity
• joint arrangement
• joint control
• joint operation
• joint venture
• non-controlling interest
• parent
• protective rights
• relevant activities
• separate financial statements
• separate vehicle
• significant influence
• subsidiary.

Appendix B
Application guidance
This appendix is an integral part of the Standard. It describes the application of paragraphs 1–31 and has the same authority as the other parts of the Standard.
B1 The examples in this appendix portray hypothetical situations. Although some aspects of the examples may be present in actual fact patterns, all relevant facts and circumstances of a particular fact pattern would