AASB 124 Related Party Disclosures

Overview

The AASB 124 Related Party Disclosures guidelines can be downloaded below.



This document provides guidance to assist Victorian government departments and other public sector entities with identifying key management personnel (KMP) for their entity.

Identifying Key Management Personnel of your entity (PDF 158kb)

Identifying Key Management Personnel of your entity (DOCX 53kb)


This declaration certificate is for executive key management personnel to declare their related party transactions.


AASB 124 Declaration certificate for executives (PDF 340kb)

AASB 124 Declaration certificate for executives (DOCX 114kb)


This management checklist is to support your entity's due diligence processes in the preparation of your related party disclosures in the financial statements. 

This guidance is to support your entity in the preparation of  your remuneration disclosures in the financial statements.

Guidelines for reporting remuneration in accordance with AASB 124 (PDF 266kb)

Guidelines for reporting remuneration in accordance with AASB 124 (DOCX 90kb)


Guidance information to support the declaration certificate

The following guidance material will support you in the implementation of the AASB 124 Related Party Disclosures.

Flowchart A: identifying a related party person (PDF 188kb)

Flowchart  A: identifying a related party person (DOCX 66kb)


Flowchart B: identifying a related party entity (PDF 56kb)

Flowchart B: identifying a related party entity (DOCX 71kb)


Examples of when a declaration would be required (PDF 127kb)

Examples of when a declaration would be required (DOCX 52kb)


Examples of identfying a declarable transaction (PDF 165kb)

Examples of identfying a declarable transaction (DOCX 74kb)


What information will be reported in public sector reports (PDF 180kb)

What information will be reported in public sector reports (DOCX 55kb)


What remuneration disclosures are required (PDF 39kb)

What remuneration disclosures are required (DOCX 49kb)


Suggested speaking notes for discussion with close family members (PDF 101kb)

Suggested speaking notes for discussion with close family members (DOCX 49kb)


Frequently Asked Questions (PDF 185kb)

Frequently Asked Questions (DOCX 61kb)