Service Concession Arrangements
The discussion of Service Concession Arrangements was educational in nature, and no decisions were made. Staff explained to the Board the issues dealt with by IFRIC in developing draft interpretations on such arrangements. The following were the key issues that emerged from this session:
- There was some consensus amongst the Board that the word 'concession' should be defined.
- Guidance on the distinguishing factors between the notions of right of use and right of access should be explored further.