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3 Dec. 2020

Exposure Draft 305 Amendments to Australian Accounting Standards – Lease Liability in a Sale and Leaseback

Amendments to AASB 16 Leases have been proposed to specify the method a seller-lessee uses in initially measuring the right-of-use asset and liability arising in a sale and leaseback transaction. The amendments would also address how the seller-lessee subsequently measures that liability.

The proposed amendment applies to sale and leaseback transactions in which, applying paragraph 99 of AASB 16, the transfer of the asset satisfies the requirements to be accounted for as a sale of the asset.

Please have your say and send your comments to the AASB by 21 February 2021 via the AASB website, LinkedIn or email to