About the AASB 1059 Service Concession Arrangements: Grantor
AASB 1059 Service Concession Arrangements: Grantors (AASB 1059) is relevant for public sector agencies that are grantors in a service concession arrangement.
AASB 1059 defines a service concession as an arrangement that involves an operator:
- providing public services related to a service concession asset on behalf of the grantor
- managing at least some of those public services at its own discretion, rather than at the direction of the grantor.
AASB 1059 sets out how to account for service concession arrangements where the service concession asset is controlled by the grantor, and not by the operator.
You will find information about AASB 1059 to help you successfully implement the new standard. The information and other support material are guides only and reference should be made to the full text of the Standard in considering the application to specific arrangements. They should not be relied on in place of professional advice.
If you would like more information or if you have any questions, contact: [email protected]
Helpful AASB 1059 resources
- TC20-07 Accounting Policy – Withdrawal of TPP 06-8 Accounting for Privately Financed Projects (PDF 143.65KB)
- TPP19-06 AASB 1059 Service Concession Arrangements: Grantors - Scoping (PDF 2.04MB)
- TC20-03 Accounting Policy - Transition requirements for AASB 1059 Service Concession Arrangements: Grantors (PDF 53.95KB)
- TC20-04 Accounting Policy - Public sector Operators in a service concession arrangement – mandatory (PDF 184.96KB) accounting policy and guidance
- AASB 1059 disclosure for FY1920 Final Published
- Application of TPP14-01 to Service Concession Assets
- Guidance on disclosures for repeal of TPP06-08 in FY 2021 Financial Statements
- Guidance and example of a third statement of financial position on first time adoption of AASB 1059 (PDF 174.73KB)
Cluster Workshop 1 - Intro to AASB 1059 in the FRC
Cluster Workshop 2: introduction to initial returns for AASB 1059 and repeal of TPP 06 08
Cluster Workshop 2: introduction to early close for AASB 1059 and repeal of TPP 06 08
Cluster Workshop 3b preparing for disclosure of AASB 1059 and repeal of TPP 06 08
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