AASB 131 provides guidelines on accounting for an interest in a partnership that has been established either as a joint venture or as a business activity with a view to a profit by the partners:

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AASB 131 was superseded by AASB 11, which provides guidelines on accounting for joint arrangements, including joint ventures, but not specifically for partnerships.

AASB 131 Provides Guidelines on Accounting for an Interest in a Partnership