AASB 3 - Business Combinations (Revised)

Interpretations relating to AASB 3 Business Combinations (Revised) are listed below:

Interpretation 17
Distributions of Non-cash Assets to Owners

Operative date: 1 July 2009
Issue date: December 2008

This Interpretation clarifies that:
- a dividend payable should be recognised when the dividend is appropriately authorised
- an entity should measure the dividend payable at the fair value of the net assets to be distributed; and
- an entity should recognise the difference between the dividend paid and the carrying amount of the net assets distributed in profit or loss.