ObjectiveObjective

Objective

1 The objective of paragraphs 1 to 22 of this Standard 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 with such parties.

Aus1.1 The objective of paragraphs Aus25.1 to Aus25.9.3 of this Standard is to require disclosing entities to disclose additional information relating to key management personnel.