AASB 124 definition

AASB 124. : means the Australian Accounting Standards Board, Related Party Disclosures Standard.
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AASB 124. - means the Australian Accounting Disclosures Standard.
Sample 1Sample 2

Examples of AASB 124 in a sentence

  • As a result the company now only discloses the key management personnel compensation in total and for each of the categories required in AASB 124.

  • AASB 2011-4 removes the individual key management personnel disclosure requirements in AASB 124 Related Party Disclosures.

  • The adoption of the revised AASB 124 Related Party Disclosures has not resulted in the disclosure of any additional related party transactions in the current period or any prior period and is not likely toaffect future periods.

  • In December 2009 the AASB issued a revised AASB 124 Related Party Disclosures.

  • Individuals may be specifically identified, if the disclosure requirements of AASB 124 so demands.

  • The Group has applied AASB 124 Related Party Disclosures which allows certain remuneration details to be disclosed in the Directors’ Report rather than the financial report so as to avoid duplication of information.

  • The objective of AASB 124 “is to ensure that an entity’s financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances, including commitments, with such parties”.

  • The Australian Accounting Standards Board has determined that from 1 July 2016, AASB 124 (Related Party Disclosures) will apply to government entities including local governments.

  • Materiality thresholds are reviewed annually as part of the audit process and reported related party disclosures will be in compliance with the framework of the Australian Accounting Standard AASB 124 and other relevant standards, as required.

  • This procedure outlines required mechanisms to meet the disclosure requirements of AASB 124.

Related to AASB 124

  • NI 62-104 means National Instrument 62-104 – Take-Over Bids and Issuer Bids;

  • NI 81-107 means National Instrument 81-107 Independent Review Committee for Investment Funds;

  • NI 52-110 means National Instrument 52-110 – Audit Committees.

  • NI 45-102 means National Instrument 45-102 – Resale of Securities;

  • NI 52-107 means National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency;

  • NI 81-102 means National Instrument 81-102 – Investment Funds.

  • Pistol means any firearm with a barrel less than sixteen inches in length, or is designed to be held and fired by the use of a single hand.

  • NI 45-106 means National Instrument 45-106 – Prospectus Exemptions;

  • NI 52-109 means National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings;

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • NI 31-103 means National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations;

  • Riprap means small, broken stones or boulders placed compactly or irregularly on dykes or similar embankments for protection of earth surfaces against wave action or current;

  • HDPE means high density polyethylene;

  • Snow tyre means a tyre whose tread pattern, tread compound or structure is primarily designed to achieve in snow conditions a performance better than that of a normal tyre with regard to its ability to initiate or maintain vehicle motion."

  • Bottle means any vessel intended to contain liquids and having a capacity of not more than 43

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • NI 81-106 means National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Civil Aeronautical Product means any civil aircraft, aircraft engine, or propeller or subassembly, appliance, material, part, or component to be installed thereon.

  • Pump spray means a packaging system in which the product ingredients within the container are not under pressure and in which the product is expelled only while a pumping action is applied to a button, trigger or other actuator.

  • Cold Weather Alert means the notice that PJM provides to PJM Members, Transmission Owners, resource owners and operators, customers, and regulators to prepare personnel and facilities for expected extreme cold weather conditions.

  • Pyrolysis means the thermal degradation of a substance in the absence of any oxidising agent, which does not form part of the substance itself, to produce char and gas and/or liquid; and

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships (1973) as modified by the Protocol of 1978 relating thereto;