The accounting treatment of government grants under AASB 141 requires that:

Name: The accounting treatment of government grants under AASB 141 requires that:
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According to AASB 141, unconditional grants are to be treated as income when they become receivable. This treatment recognizes that the grant is not repayable and the recipient has met any conditions attached to the grant. However, conditional grants are recognized as a liability until the conditions for the grant have been fulfilled.

The Accounting Treatment of Government Grants Under AASB 141 Requires