Not for Profit Entities and Peppercorn Leases
Many sporting and community clubs operate under peppercorn leases—agreements with minimal rent, often just $1 per year. While AASB 16 originally required these leases to be measured at fair value, not-for-profits pushed back due to cost and complexity. Temporary relief allows measurement at cost, which most clubs now adopt. This blog breaks down what this…
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