AASB 2011-8 - Amendments to Australian Accounting Standards arising from AASB 13 - September 2011
60Paragraphs 8 and 47A are amended as follows (new text is underlined and deleted text is struck through):
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60 Paragraphs 8 and 47A are amended as follows (new text is underlined and deleted text is struck through):
8 Terms defined in AASB 132 Financial Instruments: Presentation are used in this Standard with the meanings specified in paragraph 11 of AASB 132, unless otherwise noted. AASB 132 defines financial instrument, financial asset, financial liability, and equity instrument and fair value, and provides guidance on applying those definitions. AASB 13 Fair Value Measurement defines fair value and sets out requirements for applying that definition.
47A For share options and other share-based payment arrangements to which AASB 2 Share-based Payment applies, the issue price referred to in paragraph 46 and the exercise price referred to in paragraph 47 shall include the fair value (measured in accordance with AASB 2) of any goods or services to be supplied to the entity in the future under the share option or other share-based payment arrangement.