1 Nov. 2018
One-year deferral of AASB 1059 for service concession grantors
One-year deferral of AASB 1059 for service concession grantors: To assist implementation efforts, the AASB has deferred the effective date of AASB 1059 Service Concession Arrangements: Grantors to annual periods beginning on or after 1 January 2020, instead of 2019.
The AASB issued AASB 2018-5 Amendments to Australian Accounting Standards – Deferral of AASB 1059 to defer the effective date after considering comments from stakeholders preparing for the implementation of AASB 1059. Some stakeholders requested a deferral of the mandatory effective date. The AASB will further consider some implementation issues raised by stakeholders.