AASB 120 - Accounting for Government Grants and Disclosure of Government Assist

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Australian Accounting Interpretations

Interpretation 110 "Government Assistance"
This Interpretation requires government assistance to entities that is aimed at encouragement or long-term support of business activities either in certain regions or industry sectors to be treated as a government grant under AASB 120 “Accounting for Government Grants and Disclosure of Government Assistance”.