CONTENTS

COMPILATION DETAILS

Comparison With IAS 24

Accounting Standard

AASB 124 Related Party Disclosures

Paragraphs

Objective 1 – Aus1.1

Application Aus1.2 – Aus1.11

Scope 2 – 4

Purpose of Related Party Disclosures 5 – 8

Definitions 9 – 11

Disclosure 12 – 22

Other Key Management Personnel Disclosures by Disclosing Entities Aus25.1 – Aus25.3

Compensation Aus25.4

Principles of Compensation Aus25.5

Modification of Terms of Share-based Payment Transactions Aus25.6

Equity Instruments

Different Classes to be Separately Identified Aus25.7

Options and Rights Provided as Compensation Aus25.7.1

Equity Instruments Provided on Exercise of Options and Rights Granted as Compensation Aus25.7.2

Options and Rights Holdings Aus25.7.3

Equity Holdings and Transactions Aus25.7.4 – Aus25.7.5

Loans Aus25.8 – Aus25.8.2

Other Transactions and Balances Aus25.9 – Aus25.9.3

Australian Accounting Standard AASB 124 Related Party Disclosures (as amended) is set out in paragraphs 1 – Aus25.9.3. All the paragraphs have equal authority. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 124 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation and Application of Standards, which identifies the Australian Accounting Interpretations. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.