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• Interpretation 8 
  Scope of AASB 2 
   
  Operative date: 1 May 2006 
  Issue date: March 2006 
   
  The scope of AASB 2 Share-based Payment includes transactions in which an entity cannot specifically identify some or all of the goods or services received as consideration for the share based-payment. When the identifiable consideration received appears to be less than the fair value of the share based payment given, this indicates that unidentifiable goods or services have been or will be received. The identifiable goods or services received are measured in accordance with AASB 2, and the unidentifiable goods or services received are measured as the difference between the fair value of the share-based payment and the fair value of the identifiable goods or services.
 
 

• Interpretation 11  
  AASB 2 – Group and Treasury Share Transactions 
   
  Operative date: 1 March 2007 
  Issue date: February 2007 
   
  Share based payment transactions include those where:
  • the entity chooses or is required to buy equity instruments from another party to satisfy its obligations to its employees
   
  
  • the employee’s rights to the equity instruments were granted by the entity or its shareholder
   
  
  • the arrangement was settled by the entity or its shareholder.
 
When a parent grants rights to its equity instruments to the employees of its subsidiary, if the arrangement is accounted for as equity-settled in the consolidated accounts, the subsidiary measures the services received using the AASB 2 requirements for equity-settled transactions, and recognises a corresponding increase in equity as a contribution from the parent. 
When a subsidiary grants rights to equity instruments of its parent to its employees, this is accounted as cash-settled transaction under AASB 2. 
 
Related Standards: AASB 1, AASB 2, AASB 108, AASB 132