Concessionary Leases and Other Arrangements Conveying Rights over Assets

The new guidance addresses public sector issues specific to concessionary leases (i.e. leases at below-market terms) and other arrangements conveying rights over assets that are not leases that are prevalent in the public sector. It reflects feedback from constituents to the Request for Information, Concessionary Leases and Other Arrangements Similar to Leases, and build on the principles in IPSAS 43, Leases, IPSAS 47, Revenue, and IPSAS 48, Transfers Expenses, and thus complements those Standards.

The amendments to IPSAS 43 and IPSAS 47 have an effective date of January 1, 2027. Earlier application is permitted.