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AASB 138 - Intangible Assets - August 2015
133This Standard supersedes IAS 38 Intangible Assets (issued in 1998).
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133 This Standard supersedes IAS 38 Intangible Assets (issued in 1998).
[1] The definition of an asset in this Standard was not revised following the revision of the definition of an asset in the Conceptual Framework for Financial Reporting (as identified in AASB 1048 Interpretation of Standards) issued in 2019.
[2] [Aus] AASB 120 applies only to for-profit entities. Not-for-profit entities shall initially measure the intangible asset at fair value where the consideration for the asset is significantly less than the fair value of the asset principally to enable the entity to further its objectives.