CTHRepealedLegislation
AASB 137 - Provisions, Contingent Liabilities and Contingent Assets - July 2004
Use of ProvisionsUse of Provisions
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Use of Provisions
61 A provision shall be used only for expenditures for which the provision was originally recognised.
62 Only expenditures that relate to the original provision are set against it. Setting expenditures against a provision that was originally recognised for another purpose would conceal the impact of two different events.