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11 Sep. 2015

Tentative Agenda Decision – Accounting for Income Tax of Public Sector Entities

The AASB has issued a tentative agenda decision in response to a request to consider whether for-profit public sector entities that are required to pay income tax equivalents under the National Tax Equivalent Regime (NTER) should continue to apply AASB 112 Income Taxes.

The tentative agenda decision is expected to be considered at the October 2015 AASB meeting.  Constituents who disagree with the tentative agenda decision are encouraged to comment to the AASB by 9 October 2015.

All submissions will be placed on the public record unless the Chair of the AASB agrees to submissions being treated as confidential.  The latter will occur only if the public interest warrants such treatment.